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Home Global tax deal backers battle to win over holdout countries
Global tax deal backers battle to win over holdout countries
China, India, eastern Europe and emerging nations raise objections; tax havens intransigent
World Economy News
30 Jun 2021 • 3 min read
Negotiators in Paris are battling to persuade holdout nations to sign up to a global deal on corporate taxation this week as they become increasingly concerned that the compromises needed to get countries on board will water down the final agreement.
China, India, eastern European countries and developing nations have all raised objections to the deal struck by the G7 group of leading economies this month. The talks at the OECD are seeking to find carve-outs to bring them on board.