Page 51 - Pillar Two News Today

Placing a registration requirement on non-resident electronic services providers is a good start

The European Commission has published its proposal for a Directive to implement the OECD Pillar Two Global Anti-Base Erosion rules (the "OECD GloBE Model Rules").

The going theory within at least pockets of K Street is that Democrats might be willing to nudge the administration on this issue because they so value the tax credits that could be undercut because of the minimum tax rules — and have fought to protect them in other situations.

The draft rules for nexus and revenue sourcing have been released by OECD for consultation. Further consultations will be released in respect of other aspects of these rules, designed to tackle the increasing digitalisation and globalisation of the world economy.

The EU adoption of Pillar Two (or global minimum corporate tax rate) has already been commented intensively for a number of sectors.

Republican members of the Senate Finance Committee have written to Treasury Secretary Janet Yellen asking her to keep both parties in Congress involved in negotiations on a global minimum tax, arguing that such a tax would apply more broadly than originally thought.

Our annual shipping update summarizes the most relevant Dutch and international tax developments for the shipping & offshore service industry during the past year.

On February 4, 2022, the Organization for Economic Cooperation and Development (“OECD”) issued model rules for nexus and revenue sourcing under Pillar One of the international tax...

Janet Yellen, President Joe Biden’s surprise pick as Treasury secretary in the wake of his 2020 election victory, says there’s too much unfinished business to think about departing the role after just over a year on the job. The biggest win of her tenure—a historic global agreement on corporate taxes…

Neal was encouraged that Manchin swiftly clarified his statements regarding the status of the BBBA discussions.