UN Negotiator Casts Doubt on OECD Tax Deal’s Odds of Success

The OECD’s landmark global minimum tax deal isn’t guaranteed to succeed, according to the UN official leading negotiations on a new international tax convention.

“We don’t know if the ‘side-by-side’ will work or not,” Ramy Youssef, chair of the Intergovernmental Negotiating Committee on International Tax Cooperation Convention at the United Nations, said during a Friday seminar at Tilburg University in the Netherlands.

Members of the Organization for Economic Cooperation and Development agreed to a “side-by-side” package that carved US multinationals out of key provisions of the minimum tax, while establishing new safe harbors for businesses. The agreement opened the ...