OECD head says Biden’s global tax proposal is a game changer

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FRANKFURT, Germany (AP) — The new head of the Organization for Economic Cooperation and Development says he is “quietly optimistic” about reaching an international deal on taxing multinational companies. OECD Secretary-General Mathias Cormann made the remarks on Tuesday after taking over from Angel Gurria, who had led the Paris-based organization since 2006. More than 140 countries are taking part in talks convened by the OECD that focus on a global minimum for corporate taxation to deter big companies from shifting their profits to low-tax jurisdictions. Cormann called U.S. President Biden’s recent proposal for at least a 15% minimum global corporate tax a “game changer.” 

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