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IMF Sees Room to Simplify Global Tax Deal to Boost Participation

July 10, 2021, 7:54 PM

The International Monetary Fund is urging officials negotiating a global tax deal to simplify the rules so countries that currently have less sophisticated laws can comply and benefit.

A total of 132 countries and jurisdictions have this month backed a two-part agreement aimed at making multinational companies pay tax in places where they operate, known as pillar one of the deal. The second pillar of the accord is a minimum tax rate, which nations have agreed will be at least 15%.

About one third of the IMF’s 190 member nations have yet to sign on to the deal, with ...