The OECD is working “quite actively” on questions related to timing differences in its minimum tax rules, a U.K. official said.
The Organization for Economic Cooperation and Development is leading discussions among 140 countries on a deal that would establish a global minimum corporate tax rate and reallocate some multinationals’ profits among countries. Negotiators are trying to finalize an agreement in October.
One of the open questions following a preliminary July agreement has been how to deal with timing differences when calculating a company’s effective tax rate in the jurisdictions in which it operates. The rules need to address temporary ...