Countries Work to Tackle Differences, Finalize Global Tax Deal

Countries negotiating the global tax deal are working out remaining disagreements over a multilateral tax treaty that would reallocate a portion of large multinationals’ residual profits, a top OECD official said.

The Organization for Economic Cooperation and Development released a draft text, an overview, and an impact assessment of the multilateral convention on Wednesday. The treaty will be used to implement a part of the deal known as Amount A—a reallocation of a portion of large multinationals’ profits to market jurisdictions.

But the treaty isn’t yet finalized. Manal Corwin, director of the OECD’s Center for Tax Policy and ...