Countries involved in the OECD global tax deal negotiations are up against the clock to finish critical work on a part of the international tax deal agreed to by more than 140 countries in 2021.
The international tax deal includes Pillar One, a reallocation of large multinational companies’ residual profits, and a 15% global minimum tax, known as Pillar Two. Pillar Two has already taken effect in dozens of countries, including in the EU at the start of this year. However, Pillar One has evolved at a slower pace.
The Organization for Economic Cooperation and Development on Monday released a ...
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