OECD Global Deal Hits ‘Crunch Time’ as Digital Tax Cutoff Nears

Governments are closing in on an agreement that could settle the years-long global tax negotiations, but uncertainty remains over the US joining the final deal.

Officials are hoping for agreement this month on pieces of the 2021 global tax deal that would reallocate the largest multinationals’ profits—known as Amount A—and simplify some transfer pricing, known as Amount B. Discussions over Amount A have been slow and difficult, but officials are optimistic that the text of a multilateral convention, the treaty to implement Amount A, is within reach.

“I think everybody realizes that we are in the last chance, if you ...