Bloomberg Tax
Oct. 8, 2021, 3:03 PM

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

Craig Stirling
Craig Stirling
Bloomberg News

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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