US Book-Tax Reg Changes Won’t Affect Global Deal, Treasury Says

Changes to regulations for how the US corporate minimum tax is imposed won’t affect US eligibility for an exemption from key provisions of the global minimum tax, a Treasury official said Wednesday.

In recent months, the Treasury Department has indicated it plans a variety of regulatory changes that would ease the impact of the US corporate alternative minimum tax, and more changes are possible. The existence of CAMT is a key element in making American companies eligible for the carve-out from the global minimum tax that international negotiators agreed on earlier this week.

But the US is “permanently qualified” for ...