The proposed two-pillar solution consists of two components Pillar One is about the reallocation of additional share of profit to the market jurisdictions and Pillar Two consists of minimum tax and subject to tax rules
The OECD has introduced a new multilateral convention to address base erosion and profit shifting, aiming to ensure that multinational corporations (MNCs) pay their fair share of taxes in the countries where they operate. This convention is part of the Two-Pillar Solution proposed by the OECD to tackle tax challenges brought about by digitalization and globalization.
India s Finance Minister, Nirmala Sitharaman, expressed India s interest in collaborating with the International Monetary Fund (IMF) to support developing countries in mobilizing domestic resources. This aligns with the G20 New Delhi Leaders Declaration, which called for enhanced domestic resource mobilization in emerging markets and developing economies.
OECD/G20 Inclusive Framework releases new multilateral convention to address tax challenges of globalisation and digitalisation hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
More than 135 jurisdictions since October 2021 have joined a groundbreaking plan to address certain tax challenges of the new digital and global economy. The plan consists of a.