OECD Chief ‘Confident’ of Resolution to Minimum Tax Deal Impasse

The Organization for Economic Cooperation and Development’s secretary-general said he is confident that issues around the global 15% minimum corporate tax deal will be resolved.

Speaking at the EU Tax Symposium at the European Parliament on Tuesday, OECD chief Mathias Cormann said “I’m quietly confident that there is scope for a pragmatic and constructive resolution of the issues at hand.”

More than 130 countries, including EU members, agreed in 2021 to the OECD-sponsored deal that would impose a 15% minimum corporate tax. But the EU is under pressure from European industry groups that warn the deal puts them at ...