Finance ministers upbeat about OECD tax deal with new U S administration theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Ministers upbeat about OECD tax deal with new U.S. administration
An agreement on rewriting outdated rules for international taxation is within grasp this year as the new U.S. administration of President Joe Biden is more open to a deal, finance ministers said on Thursday.
Nearly 140 countries are negotiating the first update in a generation to the rules for taxing cross-border commerce, to account for the emergence of big digital companies like Google, Apple and Facebook.
“After so many years of work and debate on the appropriate coordinated tax response to the challenges of digitalisation of the economy, a global agreement is within reach,” Italian Economy Minister Roberto Gualtieri said.