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Treasury’s Minimum Tax Assurances Raise Questions for Companies

March 30, 2022, 6:14 PM

The Biden administration is proposing to fix a problem that’s been looming over multinationals—the possibility that they’ll lose valuable tax breaks when a global minimum tax regime kicks in. But key questions remain about the solution.

“It’s a recognized issue—there’s been a lot of discussion and debate on this topic,” said Monika Loving, national practice leader for the international tax services group at BDO. While the language in Monday’s proposal gestures toward a solution, she added, “we need more to really think about how that would work from a practical perspective.”

A Treasury Department official has previously said the administration ...