Daily Tax Report: International

OECD Minimum Tax Proposal Could Lead to ‘Quadruple’ Taxation

May 21, 2020, 3:13 PM

The OECD’s work on creating a global minimum business tax rate is still in danger of creating double taxation, according to a European bank’s tax director.

“We actually have taxes that overlap, and they create double taxation, triple taxation, and maybe even quadruple taxation. So there is a conflict,” said Lesley Holstead, transfer pricing director at Credit Suisse. Holstead made her remarks Thursday during a global tax web event hosted by Bloomberg Tax & Accounting.

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