The OECD General-Secretary’s latest tax report to the G20 provides an update on international tax reform, including developments at the OECD/G20 Inclusive Framework on BEPS and the Global Forum on Transparency and Exchange of Information for Tax Purposes.
The report covers the following:
two-pillar International tax package (suggesting that, on the Pillar Two global minimum tax ‘a substantial share of large MNEs will be in-scope by the end of 2024’). This section also provides summaries of progress (or otherwise) on the Subject to Tax Rule, the Pillar One multilateral convention, and Amount B;
BEPS minimum standards;
inequality and progressivity of tax systems;
tax and development (including progress by developing countries on implementing the BEPS Actions);
VAT/GST treatment of international digital trade; and
the Global Forum on Transparency and Exchange of Information for Tax Purposes.
The OECD General-Secretary’s latest tax report to the G20 provides an update on international tax reform, including developments at the OECD/G20 Inclusive Framework on BEPS and the Global Forum on Transparency and Exchange of Information for Tax Purposes.
The report covers the following:
two-pillar International tax package (suggesting that, on the Pillar Two global minimum tax ‘a substantial share of large MNEs will be in-scope by the end of 2024’). This section also provides summaries of progress (or otherwise) on the Subject to Tax Rule, the Pillar One multilateral convention, and Amount B;
BEPS minimum standards;
inequality and progressivity of tax systems;
tax and development (including progress by developing countries on implementing the BEPS Actions);
VAT/GST treatment of international digital trade; and
the Global Forum on Transparency and Exchange of Information for Tax Purposes.
