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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden and Larry Elliott in Davos

‘Historic’ global tax deal on multinationals delayed until 2024

Mathias Cormann OECD David Rubenstein European Union United States
OECD Secretary General Mathias Cormann.
OECD secretary general, Mathias Cormann, says he is confident the deal will eventually be implemented. Photograph: Éric Piermont/AFP/Getty Images

An international deal that would force the world’s biggest multinational companies to pay a fair share of tax has been delayed until 2024 amid fresh wrangling over the painstakingly negotiated agreement.

Mathias Cormann, the secretary-general of the Organisation for Economic Co-operation and Development (OECD), told the World Economic Forum in Davos, Switzerland, that there were “difficult discussions” taking place that meant the deal could not come into force in 2023, as previously hoped.

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