OECD Global Tax Rules to Cover 90% of Companies by 2025 (1)

An estimated 90% of large multinational companies in scope of OECD rules will be subject to the minimum tax regime in 2025, the organization told G-20 ministers in a Thursday report.

The global tax deal includes Pillar One, a reallocation of large multinational companies’ residual profits, and a 15% global minimum tax, known as Pillar Two.

Pillar Two has already taken effect in 45 countries, with another 16 jurisdictions taking concrete steps toward implementation, the report states.

With that level of support, the Organization for Economic Cooperation and Development estimates that approximately 60% of multinational enterprises in scope ...