Treasury Secretary Steven Mnuchin created a stir earlier this month when he sent a letter to the OECD asking it to pause its years long effort to change the way multinational companies are taxed, which many saw as a prelude to the U.S. pulling out of these talks altogether.
Not so, according to Pascal Saint-Amans. He’s the director of the Center for Tax Policy and Administration at the Organization for Economic Cooperation and Development. He told Bloomberg Tax reporter Hamza Ali that the U.S. is still actively participating in these talks and he expects the countries will reach an initial agreement as soon as this fall.
Saint-Amans spoke to Ali on June 24 at the Tax Leadership Forum, a virtual event hosted by Bloomberg Tax.