OECD Working on Simplified Methods for Global Tax Calculation

Countries involved in international tax talks at the OECD are working to develop permanent tests to ease compliance with the global minimum tax, a US Treasury official said Wednesday.

Members of the Inclusive Framework—countries’ delegates involved in the talks—are working on making a routine profits test and a de minimis test included in a temporary safe harbor permanent, said Isaac Wood, attorney adviser at the Treasury’s Office of Tax Policy.

He was speaking during a webinar hosted by Tax Analysts.

The so-called “country-by-country safe harbor” was developed to provide a simplified global minimum tax calculation in the first few ...