Page 3 - Multilateral Convention News Today

Mark Martin and Thomas Bettge of KPMG in the US discuss the tax certainty provisions of the Multilateral Convention for amount A and evaluate their utility for businesses

Members of the Foreign Affairs Committee of the National Assembly examined the bill on November 17, 2020.

The proposed two-pillar solution consists of two components — Pillar One is about the reallocation of additional share of profit to the market jurisdictions and Pillar Two consists of minimum tax and subject to tax rules

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.

The world this week

Microsoft said it disagrees with the tax adjustments and "will pursue an appeal within the IRS, a process expected to take several years."

The Organization for Economic Co-Operation and Development proposed an international tax framework that, if ratified, would reallocate taxing rights to market jurisdictions.

More than 135 jurisdictions since October 2021 have joined a groundbreaking plan to address certain tax challenges of the new digital and global economy. The plan consists of a...

Allen Tan, Dawn Quek and Jeremiah Soh of Baker & McKenzie Wong & Leow provide a glimpse into the challenges arising from the implementation of inte

Prime Minister Narendra Modi, who led the two-day G20 Leaders Summit 2023, has announced the conclusion of the mega event. He congratulated Brazilian President Luiz Inácio Lula da Silva as he handed over the presidency. As the G20 Summit concludes, watch the key takeaways and outcomes of the Summit.