AME · 10-Q · 2026Q2 · Full report
OECD Global Minimum Tax
AMETEK INC/ · 2026-08-04 · Importance 40 · Surprise 42 · In source text
The OECD Pillar Two initiative establishes a 15% global minimum tax for certain multinational companies in most jurisdictions where AMETEK operates, effective January 1, 2024. In January 2026, the OECD proposed a Side-by-Side framework intended to limit Pillar Two taxes for U.S.-parented groups, but relief depends on adoption in each jurisdiction’s domestic legislation. AMETEK recorded $12.5 million of top-up tax expense for the six months ended June 30, 2026 in jurisdictions where its effective tax rate was below 15%.
Key facts
- For the six months ended June 30, 2026 the Company has recorded $12.5 million of top-up tax in its income tax expense based on the currently enacted Pillar Two framework. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -0.6% | For the six months ended June 30, 2026 the Company has recorded $12.5 million of top-up tax in its income tax expense based on the… |