GE Aerospace Sees $100 Million Global Minimum Tax Bill This Year

GE Aerospace expects the global minimum tax to cost the company $100 million in 2025, according to financial filings Tuesday.

The OECD-negotiated Pillar Two minimum tax, a minimum 15% levy on large companies, has been rolling out across many OECD member countries this year. GE said some countries have adopted different rules and incentives related to the tax.

“As countries continue to enact and refine the Pillar 2 rules, we will evaluate the impact on our financial position,” the company said in a 10Q filing. “In 2025, we expect to incur $0.1 billion in connection with the incorporation of ...