African Nations Say G7 Deal Shows Global Tax Rules Are Broken

A pact to carve US companies out of a global tax agreement is a stark reminder the current system of international tax rulemaking is broken, African countries said Monday at the start of talks where they are pushing to have the United Nations become a more dominant player in tax governance.

The late-June deal among Group of Seven nations to develop exemptions for US businesses from the OECD-led global minimum tax pact shows global tax rules aren’t just fragmented, but virtually defunct, Daniel Nuer, head of the tax policy unit in Ghana’s Ministry of Finance, told a UN meeting. ...