Indonesia Barred from Taxing Google, Microsoft as US Rejects OECD Global Tax Plan
Indonesia will be barred from imposing a 15% tax on U.S. companies such as Google and Microsoft following US' rejection of the OECD’s global minimum tax plan.
(Bisnis.Com) 01/01/70 07:00 94759
Bisnis.com, JAKARTA — U.S. Treasury Secretary Scott Bessent stated that the OECD/G20 global minimum tax plan, known as Pillar Two, will not apply to multinational corporations headquartered in the United States.
As a result, Indonesia would be unable to levy a 15% corporate income tax on U.S.-based multinationals operating domestically such as Google, Microsoft, and others under the OECD Pillar Two global tax plan framework.
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