Big Business Ponders Global Tax Strategy as 2025 Cliff Nears

Corporate America is grappling with how to approach competing US and global minimum tax policies ahead of a Capitol Hill tax battle next year.

At odds are the 2017 GOP tax law’s global intangible low-taxed income regime and the 15% global minimum tax brokered by the Organization for Economic Cooperation and Development more than 140 countries agreed to in 2021.

Many companies oppose the OECD’s minimum tax, known as Pillar Two, arguing it will erode the US tax base and threaten US sovereignty. But some are conceding that alignment between the two approaches may ease compliance costs and retain lucrative ...