Treaty Override Objections Dominate First Hours of UN Tax Talks

A United Nations committee push to reallocate taxing rights more fairly shouldn’t include an obligation to renegotiate existing agreements, a large number of countries said Tuesday.

Top negotiators inserted the renegotiation requirement into draft language of a new UN tax treaty ahead of a meeting taking place this week and next to craft the treaty.

The new wording has triggered unease among delegates and calls to rework it during the meeting’s first few days. The requirement would compel renegotiation in cases where existing tax treaties don’t align with a provision in the new treaty to seek a “fair allocation” of ...