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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

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Global Tax System Sees Sweeping Overhaul by OECD/G20 Members

137 members of the OECD/ G20 IF on BEPS agreed to a sweeping overhaul of the global tax system by way of a two-pillar solution. This agreement to prevent BEPS is envisaged to transform a century old international taxation system by the adoption of the Two-pillar Solution.
Janet Yellen Engineering Analysis Centre Of Excellence Private International Tax Cooperation Erosion Model Rules Pillar Multilateral Convention Group On Tax

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