OECD in favour of extending global tax veto on big tech


Banca March: More than 130 countries have extended by 18 months, until 2025, the controversial ban on taxing tech giants wherever they operate. Five countries, including Canada and Russia, oppose the extension. Plans to introduce national taxes on digital services were also agreed to be postponed for another 12 months. The aim is to allow more time to ratify the global tax agreement signed in 2021, which they have not yet approved.

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The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.