Born of the OECD’s base erosion and profit shifting (BEPS) project, the Pillar Two rules introduce a global minimum corporate tax rate of 15% on multinationals of a certain size. .
PRINCETON A relatively small-scale banking crisis has been sufficient to demonstrate the fragility of multilateralism today. Bank failures in the United States and Europe have upended expectations, because governments did not even pretend to be following any shared rulebook in handling the fallout. While the world’s banking system is in better shape than it was just before
PRINCETON A relatively small-scale banking crisis has been sufficient to demonstrate the fragility of multilateralism today. Bank failures in the United States and Europe have upended expectations, because governments did not even pretend to be following any shared rulebook in handling the fallout. While the world’s banking system is in better shape than it was just before