OECD Resolving Concerns Over G7 Minimum Tax Pact, Official Says

The OECD’s success in formally agreeing to a system that exempts US companies from some elements of the global minimum tax by year-end will depend on how quickly the organization can address concerns raised by countries and non-US businesses, a top OECD official said Monday.

The Organization for Economic Cooperation and Development is exploring a range of options—including new safe harbors and additional guidance—to ensure that a “side-by-side” system takes effect before US multinationals are subjected to global minimum levies in other countries as early as next year, Manal Corwin, director of the OECD’s Center for Tax Policy and Administration, ...