Global Tax Deal Can Help Declutter National Rules, OECD Says

A global minimum tax approach with Pillar Two is an opportunity to “declutter” national tax rules that may no longer be fit for a purpose, an OECD official said at the International Tax Conference in Munich Thursday.

“Now that we have a systemic approach, what elements do we no longer need, such as rethinking CFC rules and anti-avoidance rules,” said Achim Pross, deputy director of the Center for Tax Practice and Administration at the OECD.

Pross points to an OECD report to the G7 finance ministers that endorsed a recommendation to start thinking about any rules that may duplicate efforts ...