Will 2023 Be the Year for a 15% Global Minimum Tax on Multinational Enterprises?

In the last few years, the Organisation for Economic Co-operation and Development (OECD) has discussed a more permanent and effective plan to change tax rules for large companies and limit tax avoidance planning by multinationals, adopting a two-pillar solution. Pillar 1 is focused on changing where companies pay taxes. Pillar 2 would establish a global minimum tax. It’s likely that more countries will adopt Pillar 2 in 2023, requiring those with global revenue above $797 million (€750 million) to pay a minimum 15% tax in each country where they operate.

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Related Content

• OECD: Pillar Two Model Rules for Domestic Implementation of 15% Global Minimum Tax
  See model rules that OECD published in December 2021 to assist with the implementation of a reform to the international tax system—a reform intending multinational enterprises to be subject to a minimum 15% tax rate, effective from 2023.

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