OECD: OECD comes out with multilateral convention to ensure MNCs fair share of taxes where they operate
The OECD has introduced a new multilateral convention to address base erosion and profit shifting, aiming to ensure that multinational corporations (MNCs) pay their fair share of taxes in the countries where they operate. This convention is part of the Two-Pillar Solution proposed by the OECD to tackle tax challenges brought about by digitalization and globalization.
Rakesh Nangia Organisation For Economic Cooperation Erosion Model Shardul Amarchand Mangaldas Co Partner Gouri Puri Multilateral Convention Two Pillar Solution
Source: indiatimes.com