View source for Pillar 1

1.  ''Banking - regulation.''

(P1).

Pillar 1 is the dimension of banking regulation which establishes minimum capital requirements based on market, credit and operational risks, and a minimum leverage ratio.

Additional capital requirements may be imposed by bank supervisors under Pillar 2.


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

Pillar 1 of the OECD's tax reforms proposed in 2021 would give taxing rights over the residual profits of large multinational enterprises to the jurisdictions where the customers and users are located.


:<span style="color:#4B0082">'''''Treasurers may need to assist in compliance with Pillar 1'''''</span>

:"Pillar 1 [is] a new nexus rule, which reallocates a business’s residual profits to the jurisdictions that generate value without necessarily having a physical presence.

:If Pillar 1 is introduced, treasurers may need to assist in compliance, setting up bank accounts and arranging funds transfers in order to meet these liabilities."

:''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 ==

* [[Bank supervision]]
* [[Base erosion and profit shifting]]  (BEPS)
* [[Basel III]]
* [[Capital adequacy]]
* [[Capital Conservation Buffer]]
* [[Corporation Tax]]
* [[Countercyclical buffer]]
* [[Credit risk]]
* [[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]]
* [[Interest Rate Risk in the Banking Book]]
* [[Internal Capital Adequacy Assessment Process]]
* [[Leverage Ratio]]
* [[Market risk]]
* [[Multinational corporation/company]]
* [[Nexus rule]]
* [[Operational risk]]
* [[Organisation for Economic Co-operation and Development]] (OECD)
* [[Parent company]]
* [[Pillar 1 - banking supervision]]
* [[Pillar 1 - global tax rules]]
* [[Pillar 2]]
* [[Pillar 3]]
* [[PRA buffer]]
* [[Profit shifting]]
* [[Prudential Regulation Authority]]  (PRA)
* [[Regime]]
* [[Risk management]]
* [[Sister company]]
* [[Stress]]
* [[Subject To Tax Rule]]  (STTR)
* [[Supervisory Review and Evaluation Process]]  (SERP)
* [[Tax ]]
* [[Tax avoidance]]
* [[Tax compliance]]
* [[Tax evasion]]
* [[Tax haven]]
* [[Tax rate]]
* [[Three Pillars of Capital]]
* [[Top-up Tax]]
* [[Transfer pricing]]
* [[Undertaxed Payments Rule]]  (UTPR)

[[Category:Accounting,_tax_and_regulation]]