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Daily Tax Report: International

Multinationals Weigh Options to Simplify Minimum Global Tax

Oct. 13, 2020, 6:01 AM

Multinationals are hoping that an OECD-led effort to set a global minimum tax rate will spare them from complicated calculations to figure out what they’ll owe.

Companies have two months to tell the Organization for Economic Cooperation and Development how to ease compliance burdens they’ll face under part of the plan known as Pillar Two.

The nearly 140 countries involved in discussions to overhaul how the digital economy is taxed were aiming for a deal by the end of the year, but the OECD said Monday the pandemic and political disagreements had pushed negotiations into 2021.

The OECD plan represents...

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