$150 Billion Prize Is In Sight for Global Talks on Minimum Tax

A global minimum corporate tax would generate around $150 billion in extra revenue for governments across the world, according to the official overseeing frenetic talks to get a deal between 139 countries in coming weeks.

“This is not an anecdotal amount,” Pascal Saint-Amans, director of the center for tax policy at the Organization for Economic Cooperation and Development, said on BFM Business television Monday. “In some ways, this is the end of the work on regulating globalization for greater tax justice.”

After seven years of technical work on an overhaul of international taxation, negotiators at the OECD will ...