In a new blog post, Brad Elphick and Peter Lawrence with Novogradac explain the recently released Organization of Economic Cooperation Development (OECD) guidance on the Global Minimum Tax (GMT). “The guidance provides greater clarity on how investments in the LIHTC, the New Markets Tax Credit (NMTC), the Historic Tax Credit (HTC) and the Renewable Energy Investment Tax Credit (ITC) and Production Tax Credit (PTC) could be accounted for without negatively impacting the calculation of large multinational corporations’ effective tax rate.
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