OECD consultation document on global minimum taxation proposal (Pillar two) - 18 November 2019 has been saved
OECD consultation document on global minimum taxation proposal (Pillar two) - 18 November 2019
On 8 November 2019, the OECD released a public consultation document on issues regarding Pillar Two, being the global anti-base erosion proposal, which would provide for global minimum taxation.
The consultation document seeks comments specifically on three technical design aspects: the use of financial accounts, the appropriateness of blending in determining the effective tax rate on income, as well as carve-outs and thresholds.
The OECD hopes that political agreement on the architecture of both the global anti-base erosion proposal, and new nexus and profit allocation rules (Pillar One) can be reached by mid-2020.