U.S. multinationals’ wish to be excluded from an OECD-led effort to set a global minimum tax rate could come with new administrative burdens.
The nearly 140 countries negotiating a global tax overhaul at the Organization for Economic Cooperation and Development are considering whether to allow U.S. companies a pass on global minimum tax rules, because they’re already subject to a similar regime in the U.S.
Countries would need to figure out several questions, including how to coordinate the two regimes; how to treat U.S. companies with subsidiaries that also have foreign parents; whether other countries will apply their minimum tax ...