UN Panel Meets in Nairobi to Chart Scope of Global Tax Treaty

The United Nations begins meetings in Nairobi on Monday to approve draft language spelling out the reach of a global tax treaty.

Top negotiators will look for countries to support proposed terminology for the treaty’s overarching goals and the scope of narrower agreements on taxation of cross-border services and resolution of tax disputes.

Among likely contentious items is a broad commitment to the “fair allocation of taxing rights,” a nonbinding goal that nonetheless opens the door to more specific rules that would rewrite what business revenue countries can tax—a hot-button issue as digital business explodes ...