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OECD Hears Calls to Simplify Global Tax Deal’s Revenue Sourcing

Feb. 21, 2022, 6:02 PM

The OECD is looking at how it could simplify proposed rules to determine which countries will have the right to tax the profits of major multinationals under a deal to overhaul global tax rules.

“We hear the call for simplicity, and let’s see if we can do better on that,” said Melissa Dejong, senior adviser in the OECD’s International Cooperation and Tax Administration Division, speaking Monday at an Organization for Economic Cooperation and Development event.

The first pillar of the global tax agreement—backed by 137 countries last October—reallocates taxing rights for a portion of the largest multinationals’ profits and ...