Bloomberg Tax
June 2, 2022, 7:34 PM

Revised US Minimum Tax Would Align With OECD Deal, Official Says

Isabel Gottlieb
Isabel Gottlieb

The US minimum tax on corporations would be considered equivalent to a provision in the 2021 global tax deal if changes outlined in the House-passed reconciliation bill are approved, an OECD official said.

“I think we can actually be pretty clear on this, in terms of the conversations that we are having,” said John Peterson, head of the aggressive tax planning unit at the Organization for Economic Cooperation and Development.

“It is clear that a reformed GILTI at 15% that operates on a country-by-country basis will be accepted as operating and being equivalent to a qualified IIR,” he said, referring ...

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