GOP Lawmaker ‘Confident’ Reshaped Global Tax Deal Is Imminent

A key House Republican expects the OECD to conclude negotiations soon on a revised global minimum tax after the body failed to meet a year-end deadline set by US officials.

Rep. Ron Estes (R-Kan.) said Friday Congress would “continue to trust, but verify,” that nations at the organization will finalize the deal, which would exempt US companies from certain portions of the tax.

“I am confident that Treasury and the OECD can get the side-by-side agreement over the finish line in short order,” Estes said in a statement to Bloomberg Tax. “Congress will continue to trust, but verify, that ...