Companies Could Pay Nearly 14% More Under Global Tax Deal

Companies worldwide could collectively pay almost 14% more in corporate income taxes each year under a global tax deal that could be implemented as soon as 2023, according to new estimates from the International Monetary Fund. The global tax deal, put forth by the Organization of Economic Cooperation and Development (OECD), would impose a 15… Read more »

EU Lacks Consensus on Global Tax Deal

European Union finance ministers met earlier this week in Paris, where Malta, Poland and Sweden declined to back a key pillar of the Organization of Economic Cooperation and Development’s (OECD) global tax deal. The OECD plan, which would impose a 15 percent global corporate minimum tax on “consumer-facing” digital giants like Apple, Google, Facebook and… Read more »

G-20 Formally Endorses Global Tax Plan

Leaders of the world’s biggest economies formally endorsed a global tax plan at a Group of 20 summit in Rome last weekend to address how “consumer-facing” digital giants like Apple, Google, Facebook and Twitter are taxed in countries where they have users. The plan was spearheaded by the Organization for Economic Cooperation and Development (OECD)… Read more »

Global Tax Deal Faces Hurdle in U.S.

The Organization for Economic Cooperation and Development (OECD) won support last Friday from 136 out of 140 countries on a global tax overhaul to address how “consumer-facing” digital giants like Apple, Google, Facebook and Twitter are taxed in countries where they have users. The OECD wants to finalize the agreement soon and implement it by… Read more »

U.S., OECD Look to Finalize Global Tax Deal

The Organization for Economic Cooperation and Development (OECD) is hoping to finalize an agreement this month among140 countries on a global tax overhaul to address how “consumer-facing” digital giants like Apple, Google, Facebook and Twitter are taxed in countries where they have users. “I’m quietly optimistic that in time for the G-20 leaders summit at… Read more »