OECD Sees Global Tax Convention Completed by End of July (1)

Governments are on track to complete by the end of July a multilateral treaty that would implement a large remaining piece of the OECD-led global tax deal, the organization’s new tax head said.

After that, countries would sign and then ratify the document known as the multilateral convention to bring into force the portion of the deal known as Amount A of Pillar One, the part of the 2021 global tax deal that reallocates a portion of the largest multinationals’ profits to market jurisdictions.

“Given the progress to date and constructive engagement among delegates, I think we’re feeling pretty good ...