OECD Business Advisory Group Seeks More Minimum Tax Consultations

‌‌A business advisory committee to the OECD wants more opportunities to address complexities in the global minimum tax following new administrative guidance the organization released last week.

Businesses will need time to review and understand the impact of the new guidance since there was limited opportunity for consultation, the Business and Industry Advisory Committee to the Organization for Economic Cooperation and Development wrote in a press release Tuesday.

• The OECD released its second round of administrative guidance for Pillar Two, its minimum tax framework agreed to by more than 130 countries, on July 17.
• The business group called for continuing ...