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Reuters
Reuters
Business
Dan Burns

OECD chief sees global digital tax deal pushed back to 2024

FILE PHOTO: OECD's incoming Secretary-General and former Australian Finance Minister Mathias Cormann delivers a speech at a handover ceremony during which he takes on the role of Secretary-General of the Organisation for Economic Co-operation and Development (OECD) from outgoing Secretary-General Angel Gurria at the OECD headquarters in Paris, France, June 1, 2021. Ian Langsdon/Pool via REUTERS

The Organisation for Economic Cooperation and Development (OECD) on Tuesday acknowledged for the first time that a global digital tax deal may take a year longer to implement.

The deal, which the OECD had hoped to sign off on in the middle of this year, would give other countries a bigger share of the tax take on the earnings of big U.S. digital groups such as Apple Inc and Alphabet Inc's Google.

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