Plain meaning
An international tax framework intended to ensure large multinational groups pay a minimum level of tax.
Also called
global minimum corporate tax
15% minimum tax
OECD Pillar Two
Pillar Two
Key points
- An international tax framework intended to ensure large multinational groups pay a minimum level of tax.
- The exact result depends on the statute, program terms, administrative guidance, or court decision that applies.
- The concept can affect compliance obligations, eligibility, payment timing, or the economic effect of a policy measure.
- Global minimum tax measures affect multinational businesses, federal tax law, tax treaties, and international cooperation.
Why it comes up
Global minimum tax measures affect multinational businesses, federal tax law, tax treaties, and international cooperation. It can affect how tax rules are enacted, interpreted, enforced, challenged, or reported to the public.