Treasury to Reassess OECD Digital Tax Project to Find Agreement

The Trump administration wants to reassess previous work by countries on taxing the digital economy, the top US negotiator to the OECD said Tuesday.

“For me a constructive dialogue representing the United States is to first listen,” said Rebecca Burch, deputy assistant secretary for international tax affairs at the Treasury Department. “That we should be leading and listening.”

Countries reached a global agreement at the Organization for Economic Cooperation and Development to rewrite parts of the international tax system amid a changing, digitalized economy. Pillar One of the two-part agreement sought to reallocate residual profits of large multinational companies ...