OECD Outlines Progress On Global Tax Pact While Hurdles Remain

The OECD announced next steps for implementing the global tax deal Wednesday, noting progress made in some areas, but acknowledging that differences still remain between countries.

In an “outcome statement” agreed to by more than 130 member countries, the group known as the Inclusive Framework detailed its progress on a multilateral convention, a simplification of transfer pricing rules, and a treaty-based rule designed to help developing countries.

“Jurisdictions supporting the outcome statement is a really, really significant step and very, very positive,” said Manal Corwin, director of the OECD’s Center for Tax Policy and Administration, in a briefing ...