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US engaging on OECD global tax deal despite Donald Trump’s defiance

Landmark deal to reform corporate tax for tech and multinationals is struggling to move forward

The US is engaging in efforts to negotiate a landmark global tax deal despite President Donald Trump’s criticism of the agreement, according to the OECD.

Secretary-general Mathias Cormann told the Financial Times the US was taking part in active discussions, including technical concerns on implementation. “We are continuing the conversation,” he said on the sidelines of the Delphi Economic Forum in Greece.

The comments show the deal to close tax loopholes for Big Tech groups and multinationals could get US backing. More than 135 countries signed up to the biggest corporate tax reform in more than a century more than four years ago, but since then half the agreement has not been enacted.

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