Haggling Over How to Tax Tech Giants Pushed Back to Mid-2021

A disagreement over how to tax multinational tech giants like Google and Facebook entered a high-risk phase as international negotiators said they won’t find a peaceable solution this year.

Years-long talks at the Organization for Economic Cooperation and Development had aimed to agree on new tax rules for the digital age by the end of 2020. That would have allowed the U.S. and Europe to back off from threats of tariffs and unilateral levies they have prepared to unleash at the end of December and in early January.