"Another area of interest is the "interaction of tax policy inequality and economic growth," Corwin said, as many countries are grappling with the impact of tax system design on growth, and their perspectives vary widely. She said both of these issues will be key items on the agenda at the next plenary meeting of the Inclusive Framework-countries involved in global tax negotiations-to be held at the end of March."
""Tax certainty remains a priority," she said. The OECD has been working to revise the global minimum tax framework to exempt US companies from some of its key provisions. The tax is aimed at ensuring companies pay a minimum 15% rate everywhere they operate. "Discussions have taken place at both the technical and political level, recognizing of course that time is of the essence,""
The OECD plans to prioritize global mobility and help tax systems adjust to remote working. A diagnostic and scoping process is under way to gather inputs from various stakeholders, and a public consultation will be held in January. The interaction between tax policy, inequality, and economic growth will receive attention as countries assess tax system design effects on growth. Both global mobility and tax-inequality issues will be on the Inclusive Framework plenary agenda at the end of March. The OECD aims to finalize a revised global minimum tax deal by month-end, emphasizing tax certainty and ongoing technical and political discussions.
Read at Bloombergtax
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