OECD Announces Moldova Joins Inclusive Framework on BEPS

The Organization for Economic Cooperation and Development (OECD) May 28 announced that Moldova has joined the base erosion and profit shifting (BEPS) inclusive framework. The announcement also includes: 1) an overview of the multilateral agreement under the OECD/G20 inclusive framework on BEPS, intended to reform the international corporate tax system to address increased digitalization and globalization; 2) an explanation of Pillar One, on the reallocation of taxing rights over multinational enterprises (MNEs) to market jurisdictions; 3) an explanation of Pillar Two, on reducing the incentive for MNEs to shift profits to low-tax jurisdictions; and 4) an overview of the global ...