Nations Inch Toward Closing Book on Half of Global Tax Pact (2)

Nations took another step toward completing their work on the international tax deal after nine countries signed a multilateral instrument, or treaty, meant to help developing countries raise more money from certain intercompany transactions.

Close to 60 countries, including the United States and Canada, attended a ceremony on Thursday hosted by the Organization for Economic Cooperation and Development for the signing of the instrument that would amend tax treaties and apply the Subject to Tax Rule.

Nine countries — Barbados, Belize, Benin, Cabo Verde, Democratic Republic of the Congo, ...