New treaty advances Pillar Two global minimum tax Subject to Tax Rule designed to protect tax bases in developing countries
The international community took another concrete step yesterday towards ensuring fairer and better international tax arrangements, in particular for developing countries, by further strengthening global minimum taxation with the implementation of the new Pillar Two Subject to Tax Rule. Nine jurisdictions signed a new multilateral treaty that will allow early adopters to swiftly implement the new Pillar Two Subject to Tax Rule. This has been announced with a news release ...