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Daily Tax Report: International

U.S. Weighs Limits on Taxable Presence in Global Tax Rewrite

Dec. 19, 2019, 8:12 PM

The U.S. wants the OECD’s plan to revamp global tax rules to apply to more companies, but limit the countries that can tax them, a Treasury official said.

The Organization for Economic Cooperation and Development is trying to get nearly 140 countries to agree to a plan that addresses worries that multinational companies, especially tech giants with customer bases around the world, aren’t paying enough in taxes or in the right countries. Pillar One of the plan would rewrite some of the tax rules and agreements that determine when a company is taxable in a country and how much tax...

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