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 are not a subscriber, subscribe now to read this content.
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