Australia is asking for feedback as it considers adopting the two-part global tax overhaul.
The global tax deal, backed by nearly 140 countries in 2021, would reallocate a portion of the largest multinationals’ profits to the countries where they make sales—known as Pillar One—and apply a 15% global minimum corporate tax rate—known as Pillar Two. Countries are still negotiating the design of Pillar One, but some have started planning a possible implementation of Pillar Two.
The Treasury is asking for feedback by Nov. 1 on the impact, design, and implementation of both measures.
It’s too soon to measure ...