OECD Officials Defend Tax Deal, Say Key Treaty Text Is Complete

Officials involved in negotiating the OECD’s global tax deal defended the complexities of the pact’s multilateral convention and said that its text is complete.

The multilateral convention—a global tax treaty—is complex because it’s attempting to apply a novel taxing concept and consider the views of 140 countries, officials from the Organization for Economic Cooperation and Development said Wednesday at the 2024 IFA Congress in Cape Town, South Africa.

The tax treaty was negotiated by members of the Inclusive Framework—a group of 140 countries made up of countries’ delegates. The OECD takes these countries’ concerns into consideration and doesn’t ignore them, ...