2 weeks No deal on global digital tax this year – OECD Manilatimes |Biz
PARIS: The 137 nations trying to hammer out a new global standard for taxing multinational tech firms will not secure a deal by the end of this year as hoped, the Organization for Economic Cooperation and Development (OECD) acknowledged on Monday. “The glass is half full: the package is nearly ready but there is still no political accord,” said Pascal Saint-Amans, head of tax policy at the Paris-based OECD. But the OECD does expect to finalize a “digital tax” proposal “sometime in 2021,” Saint-Amans added, although he acknowledged persistent United States resistance to the plan. Talks have been labouring ... more