Nestle, Novartis Tax Heads Rue Global Minimum Tax Uncertainty

Tax heads at Nestle, Siemens and Novartis criticized the global minimum tax agreement at a conference Monday, lamenting its complexity and the lack of clarity around its future.

James Parent, head of group tax at Nestle, said “Pillar Two is a real issue,” referring to one half of the global tax agreement that sets the minimum corporate tax rate at 15%. He was speaking at the 2025 MAP Day conference at the University of Lausanne’s Tax Policy Center.

Parent said he was skeptical whether the OECD can provide fixes to the agreement to make it simpler.

He said ...