Somesh Jha & Saim Saeed, Colombia Seeks Shield for Multinationals From Global Minimum Tax, Daily Tax Report (June 19, 2026):
[Columbia] has submitted a formal request for a [Pillar 2] carve-out [under the UPE safe harbor] to the Organization for Economic Cooperation and Development . . . .
The safe harbor would allow the top-up tax for Colombian-headquartered multinationals to be deemed as zero for purposes of the undertaxed profits rule, or UTPR . . . .
Related TaxProf Blog coverage:
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- Bloomberg Tax: Global Tax Deal Sparks Fear US Law Will Be Tougher to Change (Jan. 31, 2026)
- Law360: Top Tax Cases and Policies for 2026 (Jan. 10, 2026)
- OECD Press Release and Webinar: 147 Countries Agree on Key Elements of a “Side-by-Side” Global Minimum Tax Arrangement (Jan. 9, 2026)
- Harpaz Reviews Azam’s The Global Minimum Tax and Intra Western Tax Competition (May 30, 2025)
- The Global Minimum Tax and Intra Western Tax Competition (May 29, 2025)
- Kysar: The Stakes Of The Global Tax Deal For International Economic Governance (May 12, 2025)
- Dagan: Substantive Tax Sovereignty Under Globalization (Jan. 14, 2025)
- Rosenzweig Reviews Kysar’s The Global Tax Deal And The New International Economic Governance (Aug. 7, 2024)
- Avi-Yonah & Kim: The Promise And Pitfalls of The Global Minimum Tax (May 29, 2023)
