OECD Plans Transaction, Incentive Rules Under Global Tax (1)

Countries involved in the OECD tax deal negotiations are working on guidance to determine how certain transactions and incentives will be treated under the global minimum tax, a Treasury official said Thursday.

“The goal there is to publish guidance that provides clear answers to how certain transactions and incentives will be treated, and for those answers to protect the policy” of the global minimum tax, said Isaac Wood, attorney-adviser at the US Treasury Department and the US delegate to Working Party 11 at the OECD.

He was speaking at a conference hosted by George Washington University and the IRS ...