Businesses are paying close attention to how countries negotiating the OECD tax deal will craft a review process meant to ensure that jurisdictions applying the global minimum tax comply with the organization's model rules.

They are sounding the alarm over the possibility that countries will interpret the highly complex global minimum tax rules differently and adopt inconsistent legislation.

. . .

But Peter Barnes, Of Counsel at Caplin and Drysdale, was more inclined to give countries the benefit of the doubt.

The peer review process for other OECD projects isn't contentious, he said, because "countries are pretty gracious to each other, which doesn't mean they pull their punches. But they recognize that when there are shortcomings, it's probably because of a lack of funding and a lack of resources by the country trying to administer the rules."

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