OECD/G20 Inclusive Framework releases new information on key aspects of the Two-Pillar Solution: Administrative Guidance on the Global Anti-Base Erosion Model Rules (Pillar Two)
Last Monday, December 18, 2023, the OECD/G20 Inclusive Framework on BEPS (Inclusive Framework) released further technical guidance to assist governments with implementation of the global minimum tax under Pillar Two and a statement on the timeline of the Multilateral Convention (MLC) under Pillar One: the Agreed Administrative Guidance for the Pillar Two GloBE Rules (December 2023). This has been announced in a news release published on the website of the OECD ...
138 Countries and jurisdictions agree historic milestone to implement global tax deal
Tuesday, July 11, 2023, 138 members of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) - representing over 90% of global GDP - agreed an Outcome Statement recognising the significant progress made and allowing countries and jurisdictions to move forward with historic, major reform of the international tax system. This has been announced with a news release on the website of the OECD. Further from the news release: The Two‐Pillar ...
Heads of tax administration prioritise collaboration on the implementation of the Two-Pillar Solution, digital transformation and capacity building
The OECD's Forum on Tax Administration (FTA) held its 14th Plenary meeting on 16-17 December 2021, bringing together tax commissioners from across the globe as well as representatives from international organisations and regional tax administration bodies. Participants discussed top-of-mind tax administration issues including the implementation of the landmark Two-Pillar Solution, lessons learned from the ongoing responses to the global COVID-19 pandemic, digital transformation and capacity building. This has been announced on 17 December ...
OECD presents analysis showing significant impact of proposed international tax reforms
New economic analysis shows that a proposed solution to the tax challenges arising from the digitalisation of the economy under negotiation at the OECD would have a significant positive impact on global tax revenues. This was announced in a press release published on the website of the OECD in relation to the release of the analysis. From the press release: The analysis puts the combined effect of the two-pillar solution under ...