Corporate tax deal faces delays; EU urges unity against Russian ‘blackmail’

The secretary general of the Organisation for Economic Co-operation and Development (OECD) admitted that the implementation of a new global corporation tax deal was likely to be delayed until 2024 amid stumbling blocks in Europe and the US. But Mathias Cormann also said it would be in the self-interest of countries to implement the new regime, which has agreement in principle from 140 countries and will set a minimum 15 per cent tax rate on ...