The OECD has set a hard deadline of the middle of 2023 for an agreement on a crucial aspect of its global tax deal, in an effort to keep up the pressure on lawmakers to enshrine the proposals in law.
The proposals, which nations signed up to in the autumn of 2021, include a pillar that would require the largest multinationals to pay more tax in the countries where they make their profits.
OECD officials set a “hard deadline” of this time next year for an international treaty on ensuring the largest companies, including US tech giants, pay more corporate tax abroad and a smaller share in their home countries.
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