— 1 minute read object(stdClass)#18737 (8) { ["image_intro"]=> string(59) "images/articleimages-391x261/850x492/Mathias-Cormann-ad.jpg" ["float_intro"]=> string(0) "" ["image_intro_alt"]=> string(57) "130 countries join framework for international tax reform" ["image_intro_caption"]=> string(0) "" ["image_fulltext"]=> string(0) "" ["float_fulltext"]=> string(0) "" ["image_fulltext_alt"]=> string(0) "" ["image_fulltext_caption"]=> string(0) "" } John Buckley A A The OECD, which represents some of the largest world economies, announced on Thursday that 130 countries had agreed to a two-pillar framework that would force multinational enterprises to pay their fair share of tax by implementing a two-pillar framework. Advertisement "); googletag.cmd.push(function() { googletag.display('div-gpt-ad-1606778434582-0'); }); } Advertisement The first pillar proposes a fairer distribution of profits and taxing rights of some of the world’s largest multinational enterprises, including digital companies, by in some cases re-allocating taxing rights from a company’s home country to the markets where they conduct their business and earn the majority of their profits, regardless of whether the business has a physical presence there.