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Companies Want Less Complexity in Implementing Global Tax Pact

May 19, 2022, 9:56 PM

The OECD should do its best to get complexity under control in implementing the global tax agreement, to help companies comply and avoid disputes and waste, corporate tax executives said Thursday.

Complexity in exactly how the tax pact will work is going to lead to “tremendous uncertainty, and that leads to lots of waste” for both companies and countries, said Louise Weingrod, vice president for global taxation at Johnson & Johnson, speaking at a Tax Council Policy Institute conference in Washington.

  • The Organization for Economic Cooperation and Development is in the midst of a lengthy process of detailed plans ...