US Is Closely Watching Global Minimum Tax ‘Integrity Guidance’

The US Treasury is keeping a close eye on forthcoming guidance from the OECD that’s meant to ensure the global minimum tax framework maintains its integrity, a top department official said Friday.

“We’ve got our antennae up on the integrity matter,” said Kenneth Kies, assistant secretary for tax policy. “But nothing’s going to happen that isn’t a consensus decision. So, we’ll be very focused on whether ‘integrity’ really means something else.”

His remarks at a Georgetown University Law Center conference came days after US businesses wrote to Treasury concerned that the integrity measures would be a “disguised attempt” to renege ...