Treasury Asks for Public Comments on OECD Global Tax Treaty

The Treasury Department put out an open call for public input on the newly released treaty aimed at implementing a key part of the OECD’s global tax agreement.

Request for comment appeared on Treasury’s website as the Organization for Economic Cooperation and Development issued a multilateral convention this week implementing part of the global tax deal known as Amount A. That’s the process under Pillar One of the agreement by which a slice of the taxes on large multinational companies’ profits would be reallocated to countries where they do business but don’t have a major physical presence.

Treasury ...