OECD reaffirms commitment to finalize global tax pact on multinational corporations by year-end.

The OECD reaffirms its commitment to finalize a global tax pact addressing multinational corporations, particularly targeting major U.S. digital firms like Google and Amazon. Officials from nearly 130 nations missed a mid-year deadline for the treaty, but OECD tax director Manal Corwin insists on achieving a resolution by year-end. Meanwhile, the second pillar of the 2021 tax deal, establishing a minimum 15% corporate tax rate, is already being implemented by 19 countries.

September 19, 2024
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