U.S. Still Committed to Digital Tax Talks, OECD Tax Chief Says

The U.S. is still actively participating in OECD negotiations on global digital tax rules, the organization’s top tax official said Wednesday.

“The U.S. has not walked away from the negotiation, the U.S. has not pulled out,” said Pascal Saint-Amans, director of the Organization of Economic Cooperation and Development’s Center for Tax Policy and Administration. He spoke Wednesday at a virtual event hosted by Bloomberg Tax.

The OECD is working to overhaul global tax rules and agreements to address how the big technology companies are taxed. Pillar One of the plan would reallocate multinationals’ profits to the jurisdictions where ...