OECD chief optimistic global tax deal will be ready by G20 summit

OECD handover ceremony in Paris
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

October 6, 2021

PARIS (Reuters) – OECD chief Mathias Cormann said on Wednesday that he was optimistic that a global corporate tax overhaul could be finalised in time for a G20 summit at the end of this month.

“Today I am quietly optimistic that in time for the G20 leaders summit that we will be able to finalise an agreement,” Cormann told a news conference at the Paris-based organisation with U.S. Secretary of State Antony Blinken.

Blinken said that he shared the optimism and that good progress had been made in the last couple of days.

(Reporting by Leigh Thomas and Simon Lewis; editing by John Stonestreet)