Global Tax Talks Waver as Pandemic Hits Government Coffers

The coronavirus pandemic blew a hole in global tax collections even though technological innovation businesses prosper in the operate-from-residence ecosystem. That mixture is putting extra strain on presently-contentious intercontinental negotiations over how nations divide up billions in taxes on the profits of multinational companies.

Going through rising spending budget deficits, nations are ever more unwilling to trade absent earnings for the certainty of new policies. Revenue acquired by U.S. tech giants this kind of as Alphabet Inc.’s Google and Facebook Inc. are…