OECD Floats Permanent Minimum Tax Safe Harbors With Businesses

The OECD is discussing with businesses the possibility of creating more permanent safe harbors that would ease the burden of complying with the global minimum tax.

Companies are asking for safe harbors to replace a temporary version based on country-by-country tax reporting rules in response to the growing amount of administrative guidance the OECD has released on the 15% minimum tax, said John Peterson, acting head of the cross border and international tax division at the OECD’s Center for Tax Policy and Administration.

The transitional safe harbor allows companies to use information they already provide to tax authorities to ...