Global Tax Plan Can't Be Weighed In Isolation, Biz Groups Say

Law360 (December 3, 2019, 8:07 PM EST) -- The Organization for Economic Cooperation and Development should assess the effectiveness of current policies against corporate tax avoidance before moving forward with its proposals for a global minimum levy, according to recent feedback from business groups and academics.

The OECD’s Business and Industry Advisory Committee, or BIAC, joined others in telling the Paris-based organization to fully evaluate the current policies as it undertakes a global minimum tax plan. The groups submitted their comments on Monday, the deadline for feedback on the OECD’s minimum tax plan, which is part of a larger proposed overhaul of global tax rules.

BIAC noted that the...

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