U.S. Call for Optional Global Tax Reflects Business Ask: Kautter

Dec. 20, 2019, 8:44 PM

The U.S. request to make part of the OECD’s global tax overhaul optional isn’t “an effort to slow the process down,” but a response to concerns of U.S. businesses, David Kautter, Treasury’s assistant secretary for tax policy, said Dec. 20.

The Organization for Economic Cooperation and Development is leading an effort to address concerns that multinationals—particularly big tech companies—aren’t paying enough tax or paying it in the right places. It’s trying to get nearly 140 countries to agree to a plan by the end of 2020.

The tax system created by the plan “needs to be fair to U.S. businesses, ...

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