Pillar Two rules could have lasting impact on MNE groups
The OECD has released global anti-base erosion (GloBE) model rules as part of the framework for the Pillar Two global minimum tax, as well as commentary and examples on the model rules, the latter of which elaborate on the application and operation of the rules and clarify certain terms. While most companies understand the purpose and intent of Pillar Two, not all currently understand how to apply the GloBE rules given their complexity. Given the ambitious timeline for implementation of Pillar Two, it is important that affected multinationals assess the impact of the GloBE rules on their organisations through detailed analysis and modelling. Click here for the full article.