Global Tax Talks Waver as Pandemic Hits Government Coffers

Elvera Bartels

The coronavirus pandemic blew a hole in global tax collections even though technological innovation firms prosper in the do the job-from-property surroundings. That mixture is putting extra pressure on now-contentious intercontinental negotiations around how nations divide up billions in taxes on the income of multinational companies.

Struggling with increasing funds deficits, countries are increasingly unwilling to trade absent revenue for the certainty of new policies. Gains attained by U.S. tech giants this sort of as Alphabet Inc.’s Google and Facebook Inc. are…

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