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U.S., OECD Say They Are Quietly Optimistic on Global Tax Deal

Oct. 6, 2021, 4:48 PM

U.S. Secretary of State Antony Blinken said he shares optimism that countries working on an overhaul of global tax rules can get a deal by the end of the month.

Speaking at the Organization for Economic Cooperation and Development, which is chairing the talks, Blinken said a deal is a “once-in-a-generation opportunity” to help raise incomes needed for government to invest and reconstruct their economies after the Covid pandemic.

The 140 countries in the talks will meet at the OECD in Paris on Friday to finalize details of a global minimum rate and rules for sharing rights to tax multinationals. ...