US: US Demands Global Minimum Tax Concessions in EU Parliament

Two US Treasury officials demanded that international tax authorities treat the US minimum tax on foreign companies as equivalent to the global minimum tax framework agreed at the OECD.

They said countries that apply the Organization for Economic Cooperation and Development’s minimum tax, known as Pillar Two, shouldn’t tax US companies under its provisions.

The officials made their remarks Tuesday through video conferencing at a European Parliament tax subcommittee meeting. They also emphasized that the US is engaged at the OECD to resolve outstanding issues regarding the minimum tax agreement, according to people familiar with the matter.