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OECD agrees global treaty targeting tax from digital giants

Draft text marks progress on world tax deal, but several countries remain reluctant to introduce legislation

The OECD has hailed progress on a global deal to make tech giants and other large multinationals pay more tax where they do business, after publishing an international treaty drafted by more than 130 countries.

The treaty, published on Wednesday morning, codifies the landmark deal that countries reached two years ago to update the international tax system for the digital age.

“The release of this text . . . represents another significant step towards practical implementation of the October 2021 agreement,” said Manal Corwin, director at the OECD Centre for Tax Policy and Administration.

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