OECD Urges Patience on 15% Global Minimum Tax After Rocky First Year
Updated
Updated · Bloomberg Tax · Jul 10
OECD Urges Patience on 15% Global Minimum Tax After Rocky First Year
1 articles · Updated · Bloomberg Tax · Jul 10
Summary
Achim Pross, the OECD tax center’s deputy director, said companies should give the bloc’s latest simplification measures time to work after a difficult first year of minimum-tax compliance.
The rules require large multinationals to pay at least a 15% corporate tax wherever they operate, but Pross acknowledged the regime is complicated and that early filings have been rocky.
Much of that complexity is front-loaded, he said, arguing compliance costs should fall once companies have built the systems needed to apply the framework.
The comments signal the OECD is defending the global minimum tax’s rollout while betting administrative fixes can ease business resistance over time.