OECD Eyes One-Year Extension of Interim Global Tax Safe Harbor

Countries negotiating technical details of the global minimum tax deal are mulling a one-year extension of a safe harbor that simplifies calculating the tax.

The OECD’s Working Party 11, a group of technical experts from across the globe, in a meeting last week discussed extending the so-called country-by-country safe harbor to 2027 to give countries time to legislate a permanent solution, two people familiar with the matter told Bloomberg Tax.

The global minimum tax seeks to levy a 15% rate on multinationals wherever they operate and is part of the Organization for Economic Cooperation and Development’s ...