Global Tax Revamp Focuses on Getting Consensus by 2020

The OECD released a blueprint for how to rewrite global tax rules. The group hopes to get international consensus around proposals to set a global minimum tax and reallocate more of companies’ taxable profits to countries where their consumers are located. The Organization for Economic Cooperation and Development wants to get 129 countries to agree to the plan by 2020.

Martin Kreienbaum, director general of international taxation at Germany’s finance ministry, spoke with Bloomberg Tax reporter Siri Bulusu about the outlook for the OECD’s effort.

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