‘Historic’ global tax deal on multinationals delayed until 2024
by Graeme Wearden and Larry Elliott in Davos from on (#5ZK6E)
Some doubt the OECD-brokered agreement, which would levy more tax on the world's largest firms, will ever be implemented
An international deal that would force the world's biggest multinational companies to pay a fair share of tax has been delayed until 2024 amid fresh wrangling over the painstakingly negotiated agreement.
Mathias Cormann, the secretary-general of the Organisation for Economic Co-operation and Development (OECD), told the World Economic Forum in Davos, Switzerland, that there were difficult discussions" taking place that meant the deal could not come into force in 2023, as previously hoped.
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