Countries are still divided on a number of issues as they renegotiate the global minimum tax agreement, according to Tim Power, chair of the Committee on Fiscal Affairs at the OECD.
He said countries are concerned an agreement that would exclude US companies from fundamental provisions of the 15% global minimum tax deal would “create risks from the standpoint of the level playing field.”
“Jurisdictions are concerned that there will be US groups that are able to realize significant pools of low-tax profit without pickup under a minimum tax,” Power said at the Irish Tax Institute’s Global Tax Policy Conference ...