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 »

Democrats Look to Settle on New Tax Plan

Congressional tax writers are still working to determine which tax proposals will be used to offset the cost of President Biden’s economic agenda. The White House released a fact sheet earlier today that would leave most of President Trump’s 2017 tax cuts in place, including the corporate tax rate, the top individual income tax rate… 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 »

Global Tax Accord on Track for Fall

The Organization for Economic Cooperation and Development (OECD) is close to reaching agreement among nearly 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 tentative agreement now has the backing of 134 countries involved in the… Read more »