Allowing countries to tax digital platforms on revenue where they earn it rather than in their corporate homes would increase tax payments by between US$17 billion and US$32 billion, the Organisation for Economic Co-operation and Development estimated, much of that in low- and middle-income countries. The latest step in the effort to get broad international agreement on the terms is being presented to a G20 finance ministers’ meeting in Morocco this week. (The Logic)

Talking point: Negotiating a deal has been a slog—the newly released text, called the “Multilateral Convention to Implement Amount A of Pillar One,” is 212 pages long and comes with a 638-page explanation. The big question is whether the United States, where most big tech companies’ headquarters are, will sign on. Canada has vowed to impose its own digital services tax in January in the absence of a global one, causing trade tension with its biggest trading partner. A spokesperson for Finance Minister Chrystia Freeland told The Logic that unless final language is ratified, Canada will go ahead as planned.