New OECD Guidance Adds Clarity to Global Minimum Tax Rules

The OECD’s latest guidance on the global minimum tax was welcomed by businesses and tax attorneys for helping to clarify key provisions of the tax and the process for evaluating whether countries are abiding by the rules.

The documents released Monday by the Organization for Economic Cooperation and Development address how countries and businesses should apply aspects of the 15% tax, covering areas that had been the source of concern for tax practitioners as more countries begin to adopt the tax.

“Anything that helps reduce compliance costs and streamlines compliance is a welcome change,” Anne Gordon, vice president of international ...