Making Sense of the Global Tax Carve-Out for US Companies

Making Sense of the Global Tax Carve-Out for US Companies

The OECD just published the parameters of a deal that would exempt US companies from two key enforcement rules in the global minimum tax framework. The deal, which spans 88 pages in the form of administrative guidance, includes a slew of safe harbor rules that address everything from how US companies can get the exemption to more advantageous treatment of substance-based tax incentives like the US R&D credit. It includes a permanent, simplified global minimum tax calculation. Other countries would be able to obtain carve-outs like the ones obtained by the US and its multinational companies—if they meet certain criteria. This week on Talking Tax, reporters Lauren Vella and Somesh Jha discuss why the deal and the timing of its release is important, what it means for multinational businesses, how key US lawmakers reacted, and what the deal means for the efficacy of the global minimum tax going forward. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

Episoder(432)

US Tax Carve-Out Beats Retaliation, OECD Business Rep Says

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OECD Deal Success Hinges on Implementation, Rep. Estes Says

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23 Des 202516min

Tariffs, Big Audits, Roil Transfer Pricing Heading Into New Year

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A slew of big tax disputes and the worldwide upheaval brought on by the Trump administration's aggressive trade policy made for an exceptionally interesting year for transfer pricing professionals, an...

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Anyone thinking about pushing the boundaries of tax law should remember that there's no federal statute of limitations on prosecuting fraud, even with weakened IRS enforcement, said Carolyn Schenck, w...

3 Des 202514min

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26 Nov 202514min

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