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 ...