OECD Looking to New U.S. Tax Law for Digital Tax Solutions

A senior Treasury official laid out elements of a new global tax plan—catalyzed by the 2017 U.S. tax overhaul—that could forestall the Europe-U.S. standoff over the European digital tax proposal multinationals dread.

The EU finance ministers are meeting Dec. 4 on the tax, and may vote to postpone any action until the Organization for Economic Cooperation and Development finds a digital tax solution all its members can agree on.

Meanwhile, the Task Force on the Digital Economy, the OECD group mandated by the G20 to find a digital tax solution, is working on alternatives to the EU plan when ...