View source for Pillar 2 - global tax rules

''Tax - profit shifting - Global Minimum Tax - Organisation for Economic Co-operation and Development (OECD).''

Pillar 2 of the OECD's tax reforms agreed in 2021 provides detailed rules to implement a global minimum tax rate of 15% on large multinational enterprises.


:<span style="color:#4B0082">'''''Most tax territories expected to implement Pillar 2'''''</span>

:"Pillar 2 will require calculation of specific effective tax rates by territory: where this is below 15%, a top-up tax will arise. 

:Where a territory does not collect this tax (for example, if it does not implement the rules), it is collected by other territories in which the group operates. 

:Therefore, most territories are expected to implement Pillar 2, because the alternative is to give away tax revenues to others."

:''Graham Robinson, international tax and treasury partner PwC & Iain McDonald international tax and treasury director PwC - The Treasurer, Issue 4 2022 - December 2022, p40.''


== See also ==

* [[Base erosion and profit shifting]]  (BEPS)
* [[Corporation Tax]]
* [[Effective tax rate]]  (ETR)
* [[European Union]]
* [[Financial reporting]]
* [[Global Anti-Base Erosion Rules]]  (GloBE)
* [[Gross domestic product]]  (GDP)
* [[Group]]
* [[G7]]
* [[Holdouts]]
* [[Income Inclusion Rule]]  (IIR)
* [[Income Tax]]
* [[Multinational corporation/company]]
* [[Nexus rule]]
* [[Organisation for Economic Co-operation and Development]] (OECD)
* [[Parent company]]
* [[Pillar 1]]
* [[Pillar 2 - banking supervision]]
* [[Pillar 3]]
* [[Profit shifting]]
* [[Regime]]
* [[Risk management]]
* [[Sister company]]
* [[Subject To Tax Rule]]  (STTR)
* [[Tax ]]
* [[Tax avoidance]]
* [[Tax compliance]]
* [[Tax evasion]]
* [[Tax haven]]
* [[Tax rate]]
* [[Top-up Tax]]
* [[Transfer pricing]]
* [[Undertaxed Payments Rule]]  (UTPR)


==Other resources==
*[https://www.oecd.org/tax/beps/tax-challenges-arising-from-the-digitalisation-of-the-economy-global-anti-base-erosion-model-rules-pillar-two.htm OECD - Tax Challenges Arising from the Digitalisation of the Economy – Global Anti-Base Erosion Model Rules (Pillar Two) - Commentary]
*[https://www.oecd.org/tax/beps/pillar-two-model-rules-in-a-nutshell.pdf Pillar Two rules in a nutshell - OECD]

[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]
[[Category:Financial_products_and_markets]]
[[Category:Intercompany_funding]]
[[Category:The_business_context]]

[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]
[[Category:Financial_products_and_markets]]
[[Category:Intercompany_funding]]
[[Category:The_business_context]]