UN Set to Work Out Details of Tax Treaty Amid Deep Divisions

The hard part is set to begin for the United Nations as it tries to overcome a gaping divide between developed and developing economies on what its new global treaty on tax cooperation should tackle.

A special committee of countries charged with creating the treaty’s draft terms of reference will start hashing out key details of the proposals’ shape and contents in the coming weeks, including how countries will eventually make decisions and what priority issues it will pursue.

The UN effort is being led by developing countries and is proceeding alongside the negotiations led by the Organization for Economic ...