OECD Tax Deal Remains Stuck as Country Divisions Persist

Talks on moving forward with the OECD’s two-pillar global tax deal are stuck, as countries remain divided over a key part of the agreement, a senior official said Saturday.

The major point of disagreement is still with a framework for transfer pricing known as Amount B, which seeks to simplify the way companies value certain intercompany transactions. Transfer pricing refers to transactions between related companies that are part of multinational groups.

“The text is largely stable,” said Achim Pross, deputy director of the OECD’s Center for Tax Policy and Administration. Pross was speaking at a tax conference in Mumbai organized ...