U.S. Plan Would Make OECD Global Tax Rules Optional: Harter (1)

The U.S. wants companies to have a choice to fully opt in or out of part of the OECD’s plan to overhaul global tax rules, a senior Treasury official said.

The safe harbor proposal, first suggested in a letter from Treasury Secretary Steven Mnuchin, comes while the OECD is trying to get more than 130 countries to agree to a plan to rewrite how the digital economy is taxed. The Organization for Economic Cooperation and Development is trying to address worries that some companies aren’t paying enough in taxes or in the right places.

“From the U.S. point ...