Flexibility Is Key in Adopting Minimum Tax, Advocacy Group Says

Companies need flexibility in adopting the new global minimum tax that the OECD tax agreement calls for, and shouldn’t just be forced to follow the organization’s model rules, an advocacy group said Thursday.

In particular, countries should remain free to adopt a higher rate than the 15% minimum in the Organization for Economic Cooperation and Development’s agreement, which is too low to effectively deter profit shifting, according to a report from the BEPS Monitoring Group. The group is a network of international tax specialists set up by advocacy organizations like Oxfam and the Tax Justice Network.

• Countries should ...