Tech-Giant Tax Negotiations Stumble, Raising Risk of Trade Clash

International negotiations on new tax rules for the digital age will fail to conclude this year, raising the risk of a transatlantic trade conflict and a proliferation of contentious national levies on global tech giants.

The Covid-19 pandemic and disagreements between the European Union and President Donald Trump’s administration have hobbled years-long talks between more than 130 countries at the Organization for Economic Cooperation and Development.

Negotiators will present blueprints for a tax overhaul to a Group of 20 meeting later this week, marking progress on many technical issues but falling short on key elements such as what ...