UN Tax Talks Delve Into Potential Clash With OECD Rules (1)

A United Nations committee began looking at ways to avoid stepping on the work of the Organization for Economic Cooperation and Development on Tuesday, as it draws up the foundations of a global tax treaty pushed for by developing nations.

Developed economies—including the US, Germany, Italy, Austria, and Korea—raised concerns that a draft text that would inform the treaty doesn’t contain a high-level reference to avoiding duplication with the OECD’s existing multilateral tax work.

Countries have legal obligations under tax rules designed by other global institutions that need to be respected as the UN drafts a treaty on tax cooperation, ...