Puerto Rico Opens Public Consultation on Global Minimum Tax Plan

Puerto Rico’s Treasury Department launched a public consultation Tuesday on its plans for implementing the 15% global minimum tax on large multinational corporations.

The agency is giving just over two weeks, until Oct. 10, for responses to a consultation document concerning adoption of the tax, which is Pillar Two of the global corporate tax agreement led by the Organization for Economic Cooperation and Development. The levy targets multinational corporations with revenue over €750 million ($839 million)