Ángel Gurría says international deal is within striking distance and could be signed this summer

President Joe Biden’s proposals to stop multinationals from shifting profits to tax havens are a “once in a lifetime” chance to end tax abuse, and could be signed within months, the head of the Organisation for Economic Co-operation and Development has said.

Ángel Gurría, who has been coordinating international negotiations on Biden’s plan as secretary-general of the OECD, said a deal was within striking distance and could be signed this summer after decades of limited progress. It follows a shift by the White House to call time on a “race to the bottom” between nations undercutting each other on tax rates to attract businesses to locate within their borders.

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https://www.theguardian.com/us-news/joebiden

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