Leaked OECD Rules Paint Clearer Picture of Minimum Tax (1)

The details around how companies will have to calculate a newly agreed global minimum tax are nearing final form, according to a document seen by Bloomberg Tax.

The document—confirmed by a source familiar with discussions—sets out model legislation for implementing the 15% minimum tax, known as Pillar Two. It was circulated to the roughly 140 participating countries Dec. 2, asking for their approval before the Organization for Economic Cooperation and Development releases final rules. According to the document, if countries didn’t object by Tuesday the model legislation will be considered approved.

The OECD declined to comment.

The model rules—if approved—would ...