Bloomberg Tax
May 4, 2020, 1:44 PMUpdated: May 4, 2020, 8:36 PM

Pandemic Delays Global Agreement on Digital Tax to Fall (2)

Hamza Ali
Hamza Ali
Senior Reporter International Tax
Isabel Gottlieb
Isabel Gottlieb

The OECD will push back to October its target of reaching global agreement on a digital tax plan—which it had hoped to find in July—and may see a “staged process” that lasts into 2021, an official said.

The Organization for Economic Cooperation and Development is trying to find agreement among nearly 140 countries on a global tax overhaul to address how multinationals—particularly tech giants—are taxed in the countries where they have users or consumers.

The OECD may hold a previously scheduled July meeting virtually because of the coronavirus. Country delegates will take stock of progress on the OECD’s 2015 project ...

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