Page 2 - Pillars One News Today

Despite adding personnel and making a concerted effort to speed up the advance pricing agreement process, the Advance Pricing and Mutual Agreement Program (APMA) faces challenges...

Review of U.S. Tax Developments in 2021- Last year, we predicted that the biggest U.S. tax news in 2021 would be revenue-raising legislation that the Democrats would put...

On 20 December 2021, the OECD published keenly awaited model rules designed to implement Pillar Two of its ambitious plans to reform international taxation.

When is the best time to consult on the UK’s implementation of the OECD/IF GloBE model rules published on 20 December 2021 with the aim of requiring…

Over the course of the year — and even dating back to his time on the campaign trail — President Biden and senior officials in his administration, including Department of Justice (DOJ)...

2021 is already coming to an end and 2022 is just around the corner. Some major events have certainly stamped
2021, such as the continued existence of COVID-19, COP26 and, in the tax world, agreement on Pillars One and
Two.

Our International Tax Group analyzes the pillars of a new international corporate tax system, but one that faces some major hurdles. - Pillar One: a new taxing right in the digital...

Our International Tax Group analyzes the pillars of a new international corporate tax system, but one that faces some major hurdles.

by Tyler Durden Friday, Apr 09, 2021 - 05:45 AM Janet Yellens pitch during the spring meetings of the IMF and World Bank this week for a new global minimum tax rate was met with applause from the EU and a commitment from the G-20 to collaborate on a new framework, with an ambitious goal of finishing by the summer. The tax, according to Yellen, would help the US raise $2.5 trillion over 15 years, paying for the entirety of Bidens $2.25 trillion "American Jobs Plan", not to mention help prevent ...

POLITICO The goal is to prevent companies from relocating wherever they find lower taxes. Updated: Link Copied Treasury Secretary Janet Yellen on Monday urged a global minimum tax rate on corporations in a push to assert U.S. leadership in ongoing international tax negotiations. The goal is to prevent companies from relocating wherever they find lower taxes. “Together we can use a global minimum tax to make sure the global economy thrives based on a more level playing field in the taxation o...