Tax Heads Call for Permanent Global Minimum Tax Safe Harbor

Tax heads of multinational companies are calling for a permanent safe harbor for the OECD’s global minimum tax to help ease compliance costs.

The cost of complying with the minimum tax becomes more onerous the further companies’ tax rates go beyond 15%, and the safe harbor would help lessen the reporting burden, the tax executives said at the International Tax Italian Conference on Friday.

Alessandro Bucchieri, head of tax with electricity and gas distributor Enel Group, asked if a company’s tax rate is above the 15%, “what is the point to go down and make that detailed calculation?”

The ...