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OECD delays timeline for global tax reform implementation

Global tax reform plans, negotiated under the lead of the Organisation for Economic Cooperation and Development, are now to enter into force in 2024, a year later than originally planned.

The OECD said that the “ambitious timelines” set for implementation of the new global tax rules in October 2021 reflected the strong political desire to address the tax challenges arising from the digitalisation of the economy.

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