Global tax agreement may be delayed, says OECD Secretary-General

Negotiations continue on the details of Pillar One, with final agreement now not likely until the end of the year, as outlined by Alia Lum.

Aiming for implementation of a historic ‘two pillar’ tax agreement involving 139 countries by 2023 was always an ambitious target.  Comments by Organisation for Economic Cooperation and Development (OECD) Secretary-General Mathias Cormann at the World Economic Forum in Davos suggest that the implementation of Pillar One of the global tax agreement is likely to be deferred until 2024.  Pillar One concerns the reallocation to jurisdictions of taxing rights over a portion of the prof...

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Authors: Alia Lum

Published Date: 25 May 2022