The key goal of Pillar Two is to ensure that large MNEs pay a minimum level of tax, regardless of where they locate their profits. It’s designed to combat profit shifting to low-tax jurisdictions, preventing a “race to the bottom” in corporate taxation. It aims to create a more level...
Lindsey Wicks and Wendy Nicholls discuss the issues surrounding BEPS 2.0, the OECD’s two-pillar approach to global tax reform Digitalisation of tax: international perspectives Find out how digital technology has been utilised by international tax administrators to reduce costs and improve compliance ...
[1]On October 8, 2021, the OECD/G20 member states agreed in principle to two “pillars” to reform international taxation rules. “Pillar One” would address digitalization and allow countries to tax very large multinational companies that do not have a physical presence in the taxing ...
Conservative US politicians are building a narrative against the OECD’s two-pillar plan for international tax reform, but they have no serious alternative vision. Opinion: Biden could save pillar one, but there’s a catch The OECD must pay attention to US politics because the next election ...
The OECD framework for international tax reform aims to ensure that large multinational enterprises (“MNEs”) pay tax where they operate. It is also intended to increase certainty and add stability to the international tax landscape. The framework is comprised of two proposals, known as Pillar On...
Pillar two a 'huge operational challenge' for clients: A&M chief Despite China and India’s hesitation towards pillar two, there’s still enough movement in other countries for clients to start getting ready, James Badenach also tells ITR Sam Sholli, November 29, 2024 This week in tax:...
After the OECD secured an international agreement, the world looks set to implement a two-pillar plan to reform how the digital economy is taxed. Here ITR is offering its best coverage of digital tax.
On Aug. 16, 2023, the German government confirmed draft legislation approving the global minimum tax rules as agreed to with other countries in a sweeping international tax reform under OECD Pillar Two. This legislation also coincides with the European Union Council Directive...
Donald L Korb and Andrew Solomon (Sullivan & Cromwell) assess US views on the two-pillar proposals and the domestic tax policies of the two candidates for US President. Reform of the international tax architecture: the UN fails to reach consensus ...
The OECD has published a Model Competent Authority Agreement to facilitate the implementation of its political commitment on Amount B of Pillar One. OECD’s subject to tax rule under Pillar Two moves forward September 26, 2024 Nine jurisdictions signed a new multilateral treaty that will allow earl...