Global Tax Deal’s Annual Revenue Expected to Hit $200 Billion

Annual tax revenue under the two-pillar global tax deal could reach $200 billion, twice the original forecast, the OECD said Wednesday.

Changes in the design of Amount A of Pillar One mean that projected tax revenue globally has doubled from an estimated $100 billion in 2016, when it first analyzed income, the Organization for Economic Cooperation and Development said.

Amount A gives jurisdictions in which consumers and users are located taxing rights over a portion of the residual profits of the largest and most profitable multinational enterprises in the world.

“We expect that the largest MNEs are going to remain ...