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Business Calls for Focus on Ending Digital Taxes in Global Deal

Aug. 22, 2022, 8:14 PM

The global tax deal’s promise to withdraw digital taxes is a major draw for companies, and should be a priority in the negotiations, businesses told the OECD.

But those same businesses remain skeptical that the current proposed framework will reduce complexity enough to be worthwhile, the Business Roundtable, a U.S. advocacy organization, warned in a letter to the OECD.

When nearly 140 countries reached a deal last year on a plan to reallocate a portion of the profits of the world’s largest multinationals, they also agreed that the implementation of the new rules would spell the end of existing ...