The Organisation for Economic Co-operation and Development (OECD) expects an agreement this year on a draft reform of the taxation of large companies in the digital sector,This Thursday he stressed the “urgency” of adopting it given the lack of consensus.
“The sense of urgency is great and getting something done before the end of the year would certainly be one of my top priorities,” Manal Corwin, director of the OECD’s Centre for Tax Policy and Administration, said during a press conference in Paris.
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The initial deadline for adopting this reform, which seeks to better distribute the taxes of multinationals, especially digital ones, where they actually make their billing, was last June. Asked Thursday about the exact time frame for its adoption, Corwin said she did not have a timetable.
Nearly 140 countries agreed at the end of 2021 on a minimum tax system for multinationals under the auspices of the OECD, which consists of two pillars. The first aims at a better distribution of taxes for digital giants and the second, a 15% corporate tax worldwide.
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The signatory countries of this historic reform are still struggling to implement the first pillar, due to persistent disagreements over technical details, especially between China, India and the United States. Many countries, including those in the European Union (EU), adopted the second pillar on January 1. The United States has not yet approved the text at national level.
AFP
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