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Public Should Have Say on Full Tax Reallocation Rules, U.S. Says

May 5, 2022, 5:43 PM

The U.S. Treasury is pushing for the public to have a chance to comment on the global tax deal’s profit reallocation plan in full, after its pieces are individually released, a department official said Thursday.

Under the 2021 global tax agreement, a portion of the largest multinationals’ profits are to be reallocated to the countries where they make sales. The Organization for Economic Cooperation and Development, which is leading the project, has been releasing individual “building blocks” of that portion of the global deal, known as Amount A.

But the U.S. believes stakeholders need time to look at the whole ...