OECD Reports Progress, But No Deal Yet on Global Tax Treaty

An agreement on a global tax treaty remains elusive, as negotiators continue to work on ironing out differences over several issues, including a framework to simplify intercompany transactions.

Negotiators had hoped to wrap up work by the end of June on the tax treaty under “Pillar One” of the two-part global tax agreement reached by more than 140 countries in 2021.

Manal Corwin, director of the OECD’s Center for Tax Policy and Administration, said Monday that negotiators are continuing to make progress on the tax deal.

“Countries are still at the table, precisely because we are making progress. As each ...