Recent changes to the global minimum tax framework still give countries ample latitude to offer multinational companies beneficial tax incentives, an OECD official said.
Kurt Van Dender, head of the Tax Policy and Statistics Division at the OECD’s Centre for Tax Policy and Administration, acknowleged Thursday that the 15% global minimum tax reduces the effectiveness of nonrefundable tax incentives. However, he said, it could prompt better tax incentive policy among governments.
“Side-by-side leaves significant space for tax policy through incentives,” Van Dender said at the IBA/ABA U.S. and Europe Tax Practice Trends Conference in Rome.
The Organization for Economic Cooperation ...