Jonathan Hare, Giorgia Maffini and Phil Greenfield (PwC) examine the OECD’s model rules for pillar two.
Background
There are now 137 IF members that have signed up to the 8 October 2021 statement on a two-pillar solution to address the tax challenges arising from the digitalisation of the economy with Mauritania having joined the IF and signed up to the statement on 4 November.
Pillar two: model rules
The pillar two model rules published on 20 December (see bit.ly/3sXeRR6) provide more details fleshing out the political agreement. However the commentary originally meant to be released at the same time as the model rules will provide some background and examples which would help clarify some of the complex concepts and language in the model rules. As to the actual mechanics of the rules we will have to wait until mid-2022 for the detailed implementation...
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Jonathan Hare, Giorgia Maffini and Phil Greenfield (PwC) examine the OECD’s model rules for pillar two.
Background
There are now 137 IF members that have signed up to the 8 October 2021 statement on a two-pillar solution to address the tax challenges arising from the digitalisation of the economy with Mauritania having joined the IF and signed up to the statement on 4 November.
Pillar two: model rules
The pillar two model rules published on 20 December (see bit.ly/3sXeRR6) provide more details fleshing out the political agreement. However the commentary originally meant to be released at the same time as the model rules will provide some background and examples which would help clarify some of the complex concepts and language in the model rules. As to the actual mechanics of the rules we will have to wait until mid-2022 for the detailed implementation...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
