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OECD global digital tax deal could take another year to implement

The Organisation for Economic Cooperation and Development (OECD) has admitted that a global digital tax deal may take a year longer to implement. The OECD had hoped for the deal to be signed off on in the middle of this year. The deal would give other countries a bigger share of the tax take on the earnings of big US digital groups such as Apple Inc and Alphabet Inc's Google. OECD Secretary-General Mathias Cormann said that progress on ironing out technical details on the digital tax deal was going less quickly than planned. He said that they deliberately set a very ambitious timeline for implementation initially to keep the pressure on, but he suspects that it is probably most likely that they will end up with a practical implementation from 2024 onwards.

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