US Businesses Urge Treasury to Protect Them in Global Tax Deal

US officials should ensure countries at the OECD don’t further complicate the global minimum tax rules and target US companies, a business group urged the Treasury Department in a letter released Wednesday.

The Alliance for Competitive Taxation expressed concern about the Organization for Economic Cooperation and Development’s plans to release “integrity” guidance under the global minimum tax following a deal struck by countries Jan. 5 that would carve out US companies from parts of the minimum levy’s framework.

“We recognize that the side-by-side agreement contemplates further OECD discussions with respect to any ‘level playing field risks’ to Pillar Two,” ...