Colombia wants to join the US in having its companies exempted from part of the 15% global minimum tax that dozens of countries have already adopted.
The country has submitted a formal request for a carve-out to the Organization for Economic Cooperation and Development, which brokered the agreement with more than 140 countries, two people familiar with the matter said.
Earlier this year, the OECD had to rework its global minimum tax framework to accept the US’s demand of exempting its multinationals from some of the key provisions. Colombia is now seeking a similar, though narrower, exemption for ...