UN Effort to Help Developing Countries Tax Big Tech Moves Ahead

A United Nations committee has signaled support for an effort to help developing countries tax tech giants, but final approval will likely wait until 2021.

The U.N.'s Tax Committee of Experts, which has been in discussions over two weeks, voted 12-10 Oct. 23 to include an amendment, known as Article 12B, to its model treaty. But the committee is expected to wait on final approval to give opposing countries time to draft language that outlines their objections in the finished version, two sources familiar with the discussion told Bloomberg Tax Tuesday.

Advocates have warned that developing countries ...