Page 64 - Pillar Two News Today

To embed, copy and paste the code into your website or blog: On May 28, 2021, the US Department of the Treasury (Treasury) released the Fiscal Year (FY) 2022 budget and Green Book, which provides detailed insights into the proposals of US President Joe Biden’s recently released American Jobs Plan and American Families Plan. This article summarizes the key proposals affecting businesses and provides further insight on planning considerations. IN DEPTH COUNTRY-BY-COUNTRY REGIME TO APPLY TO GILT...

On May 28, 2021, the Treasury Department released the General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals (sometimes called the Green Book) to accompany...

But the OECD proposals could lead to major changes in tax rules, the implications of which businesses must study closely

Climate change and biodiversity loss are now included in the economic and financial decision-making agenda after the G-7 finance ministers meeting in London.

The global minimum tax rate: will it happen?

The agreement builds on the two-pillar approach outlined by the OECD and aims to tackle the challenges arising from an increasingly globalized and digital economy. Key...

The global minimum tax rate: will it happen?

The global minimum tax rate: will it happen? 09 June 2021 The global minimum tax rate: will it happen? With the recent landmark G7 accord, the idea of a global minimum tax rate is having something of a renaissance; Ian Borman and James Mastracchio give the lowdown Ian Borman (L) and James Mastracchio (R) Images courtesy of Winston & Strawn Members of the G7, which include Canada, France, Germany, Italy, Japan, the UK and the US, have reached an agreement that a global minimum tax should be imp...

<p><span face="times new roman,times">Thank you for joining us today.</span></p>
<p><span>I would like to thank Chancellor Sunak and Her Majesty’s government for hosting.</span></p>

The G7 has today (5 June 2021) agreed to back an historic international agreement on global tax reform which delivers on the Chancellor’s promise for big international companies to start paying their fair share.