Ways & Means Chief Warns ‘Time is Now’ for OECD Minimum Tax Deal

House Ways and Means Committee Chair Jason Smith (R-Mo.) fired a warning shot Wednesday to countries negotiating a revised global minimum tax deal at the OECD, vowing to take action if there’s no agreement to exempt US companies from the tax.

“We expect to see technical work that has been done in these negotiations move forward this week. We have been patient to allow for all negotiating parties to have the space they need to reach agreement, but they must reach agreement,” Smith said at a hearing he chaired on international tax competition.

The talks stem from June action in ...