OECD Plans September In-Person Consultation on Global Tax Pact

The Organization for Economic Cooperation and Development will hold an in-person public consultation on new international tax rules it helped write, a senior official said Thursday.

In October, more than 130 countries signed up to a two-pillar plan to change how multinationals are taxed. Pillar One of the rules reallocates a portion of the tax paid by the largest most profitable businesses to countries where they make sales, while Pillar Two creates a 15% global minimum tax.

• “We will do a public consultation in person on Pillar One, in September—the exact date we will advise you on soon,” Achim Pross, ...