OECD to Design Peer Review Process for Minimum Tax in 2023

The Organization for Economic Cooperation and Development will start next year to design a peer review process for implementation of the global minimum tax, an OECD official said Friday.

The process would allow countries that approved the two-pillar global tax reform in October last year “to be comfortable each country has implemented the rules,” said John Peterson, OECD head of unit for the minimum tax, speaking to a Swiss-American Chamber of Commerce seminar.

• Jurisdictions implementing the minimum tax—Pillar Two of the OECD agreement—will top-up to an effective rate of 15% the taxes paid by their large companies ...