The OECD recently published an Outcome Statement on its two-pillar solution to global tax reform, closely followed by a package of new guidance, consultations and reports. Key among this was progress, at last, on Amount A of Pillar One as well as a new consultation on Amount B. Whether this brings us any closer to the finish line on Pillar One remains to be seen. For many multinationals, Pillar Two is already a reality and the details continue to take shape, with the release of a new batch of Administrative Guidance, model provisions for the subject to tax rule and the form of the globe information return.
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The OECD recently published an Outcome Statement on its two-pillar solution to global tax reform, closely followed by a package of new guidance, consultations and reports. Key among this was progress, at last, on Amount A of Pillar One as well as a new consultation on Amount B. Whether this brings us any closer to the finish line on Pillar One remains to be seen. For many multinationals, Pillar Two is already a reality and the details continue to take shape, with the release of a new batch of Administrative Guidance, model provisions for the subject to tax rule and the form of the globe information return.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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