KO · 10-Q · 2026Q3 · Full report

OECD Global Minimum Tax

COCA COLA CO · 2026-07-29 · Importance 37 · Surprise 42

The OECD’s Pillar One project would reallocate a portion of profits earned by multinational enterprises with annual global revenue exceeding €20 billion and profit margins above 10% to market jurisdictions, but implementation remains uncertain. OECD Pillar Two establishes a 15% per-country global minimum tax, and the European Union requires member states to adopt similar rules for fiscal years beginning on or after December 31, 2023. Numerous countries implemented aspects of Pillar Two beginning January 1, 2024, or in 2025. January 2026 OECD guidance introduced a side-by-side framework largely exempting U.S.-headquartered companies, although further country-level legislative changes and guidance remain expected.

Key facts

• The Company will continue to monitor OECD Pillar One and Pillar Two developments to determine any potential impact in the countries in which we operate.