As the years-long marathon on global tax reform came into the final strait on Friday (8 October), the finish line is now close. The US, which has dictated the pace of developments since April, is the front runner in terms of achieving its goals. The unlikely contender for the silver medal is Ireland, which has run a very successful defensive race. Europe, having conceded ground, is down the field.
In Washington, the draft agreement is seen as a hands-down US victory.