Global Tax Reform Could Raise as Much as $100 Billion, OECD Says

Updating global tax rules could boost government revenue by as much as $100 billion, the Organization for Economic Cooperation and Development said Thursday in an effort to spur complex negotiations between world powers.

The Paris-based group is racing to get nearly 140 governments to agree by the end of 2020 on minimum tax rules and how to make digital multinationals like Google and Facebook pay their fair share in taxes. Failure to progress in coming months could push the U.S. and Europe back toward the brink of a trade war over national efforts to impose their own digital tax rules, ...