Page 8 - Two Pillar Solution News Today

ISLAMABAD: The Organisation for Economic Co-operation and Development has assessed that there is an impact of up to $150 million on Pakistan’s...

Joint statement regarding a compromise on a transitional approach to the international Pillar 1 tax agreement.

REVOLUTIONARY shifts in the international tax landscape are afoot.

The Organisation for Economic Co-operation and Development (the “OECD”) recently announced that a landmark deal has been reached by 136 countries in an attempt to ensure that...

The ability of 136 countries, representing more than 90% of worldwide GDP, to agree on a uniform 15% global minimum tax illustrates the interest among world leaders in limiting tax avoidance by multinational companies, says Fitch Ratings. The multilateral agreement reached last week is expected to become effective in 2023. A higher marginal tax rate ...

With the implementation of the global tax deal, India might have to phase out equalisation levy or Google Tax, as it is popularly known

Samsung, SK hynix on alert over OECDs digital tax deal

The deal has been supported by 136 countries including India

TaxProf Blog provides news, information and resources for tax professors.

<p><span>The landmark deal, agreed by 136 countries and jurisdictions representing more than 90% of global GDP, will also reallocate more than USD 125 billion of profits from around 100 of the world’s largest and most profitable MNEs to countries worldwide, ensuring that these firms pay a fair share of tax wherever they operate and generate profits.</span></p>