OECD Reaffirms June Deadline for Signing of Global Tax Treaty

OECD negotiators on Thursday reiterated their goal of signing a major part of the international tax deal, known as Pillar One, by the end of June.

The Organization for Economic Cooperation and Development said in a press release countries are “nearing completion of the negotiations on a final package on Pillar One,” and restated its goal of reaching an agreement to open the multilateral convention “for signature by the end of June.”

The statement comes just days after US Treasury Secretary Janet Yellen said the United States would not be able to sign the treaty portion of Pillar One, ...