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Global Tax Talks Race Against Clock as Holdouts Climb Down (1)

Oct. 8, 2021, 3:03 PM

Global talks to reshape the corporate tax landscape are resuming on Friday with some holdouts to the international consensus on a minimum rate falling into line to back an agreement that still hangs in the balance.

In a series of climbdowns, Ireland, Estonia and Hungary announced that they would sign up to the deal, providing a boost to talks between 140 countries hosted by the Organization for Economic Cooperation over a wide-ranging accord on the treatment of multinationals.

Among ongoing disagreements, some nations are seeking so called carve-outs to partially exempt certain activities from a minimum tax rate of 15%, ...

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