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Businesses Call for Broad Halt to Digital Taxes Under OECD Deal

Jan. 24, 2023, 6:04 PM

Business groups are pushing for a broad definition of which digital taxes and similar measures would be withdrawn under the global tax agreement, with at least one country pushing back.

Under the 2021 global tax deal, nearly 140 countries agreed governments will drop existing unilateral measures such as digital services taxes and commit to not impose any new ones, upon the implementation of Pillar One—a measure that reallocates the largest multinationals’ profits to market countries. Digital taxes have sprung up in recent years over concerns tech giants aren’t paying enough tax in some of the places where they do business. ...