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After 130 Countries Reach Global Tax Deal, the Details Are Next

July 2, 2021, 6:19 PM

The OECD-brokered deal to overhaul global tax rules was a major step forward in the years-long effort to find international agreement—but the clock is still ticking.

Negotiators are targeting October to settle more details of the plan with the goal of putting new rules in place in countries around the world in 2023.

To get there, they’ll have to spend the next few months not only getting the nine countries that aren’t backing Thursday’s plan on board but also grappling with details on how the two-pillar plan will function. Questions remain over which jurisdictions will give up the profits that ...

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