OECD Makes Case for Developing Countries to Adopt Minimum Tax

Developing countries will want to adopt the global minimum tax because they will collect revenue, and further work is being done to make the levy more administrable, a top OECD official said Tuesday.

“There’s a simplification agenda we’re pursuing, there’s revenue in this, and there’s an opportunity to rethink tax incentives,” said Achim Pross, deputy director of the Organization for Economic Cooperation and Development’s Center for Tax Policy and Administration.

Pross was responding to a question about what incentive developing countries have to adopt the minimum levy amid new accommodations in the framework for the US tax system. His ...