US companies are gearing up to report their global minimum tax liabilities for 2026, a costly and complex process for a tax bill they ultimately may not have to fully pay.
Their tax liability would fluctuate significantly if OECD negotiators meet the Trump administration’s demands that US companies be exempt from most of the levy. Countries are reworking the minimum tax framework to comply with US demands, with an eye to finishing by the end of the year.
Even if negotiators meet the year-end deadline, individual countries must codify the revised deal into their local laws, a process that could ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.