OECD Roundup: Global Tax Rewrite Focus Moves to July Deadline

This is a roundup of Bloomberg Tax’s coverage of this week’s negotiations on an Organization for Economic Cooperation and Development-led effort to revamp the global tax system.

The OECD is pushing ahead with an effort to overhaul how the digital economy is taxed, according to a statement today from the nearly 140 countries involved in the process.

The plan, which could upend decades-old rules that have determined how multinationals are taxed, is driven by concerns that multinationals, especially tech giants like Facebook Inc. and Amazon.com Inc., aren’t paying enough taxes or in the right countries.

The OECD will ask the ...