OECD Negotiators Vow to Resolve Issues in Global Tax Pact (3)

OECD negotiators reaffirmed their commitment Monday to resolving issues that stand in the way of an agreement on a large part of the global tax deal.

In an update released Monday, co-chairs of the Inclusive Framework outlined a number of problems that remain to reach an agreement on Pillar One of the tax deal. Pillar One is made up of two parts: a multilateral treaty that would reallocate the residual profits of large multinational companies, known as Amount A; and a simplified transfer pricing framework, known as Amount B.

Nevertheless, they reiterated their support for the project.

“We remain ...