Home / World Economy / IMF/OECD News / OECD’s Gurria sees deal on global tech tax in June or July

OECD’s Gurria sees deal on global tech tax in June or July

OECD chief Angel Gurria said on Thursday he expects all the necessary elements for a global accord on taxing tech giants to be ready by June or July thanks to a sharp shift in the U.S. stance on the initiative.

“The issue was a little bit tied up, mainly because of the American position,” he told a virtual news conference, adding that administration of President Joe Biden had made a “180 degree turn” from that of his predecessor.

He added negotiations on a minimum corporate tax rate are going forward. Some large companies are supporting such a rate in exchange for certainty on tax rates, he said.
Source: Reuters (Reporting by Inti Landauro, Belén Carreño and Nathan Allen)

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping