Adeyemo: U.S. seeks to ‘protect’ tax revenues in OECD negotiations

The U.S. will aim to “protect America’s tax revenues” in negotiations at the Organization for Economic Cooperation and Development, President Biden’s pick for deputy Treasury secretary said on Tuesday, potentially complicating talks with other countries that want U.S.-based companies to pay taxes in other jurisdictions. Members of the OECD’s inclusive framework have been working on an overhaul of the international tax structure to address, and potentially replace, the perceived need for digital services taxes. The U.S. has claimed digital services...