Global Tax Deal May Not Come Until October, OECD’s Gurria Says

May 31, 2021, 9:05 AM

A full global deal to overhaul taxation rules and make multinationals pay more in countries where they operate may not be achieved until October, the chief of the Organization for Economic Cooperation and Development said Monday.

Speaking in Paris, Angel Gurria said a “180-degree change in the position of the U.S.” has accelerated the talks, making an outline of a deal possible at a meeting of Group of 20 finance officials in July. But some countries, including the U.S., may need to legislate before the matter can be completely settled.

Gurria’s comments provide a counterpoint to the sense of expectation ...

To read the full article log in.

Learn more about a Bloomberg Tax subscription.