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The Organisation for Economic Co-operation and Development is wrong. The last thing the world needs is more taxes and bigger governments. The OECD is an intergovernmental organization with a mandate to “improve the economic and social well-being of people around the world.” Increasingly, though, the OECD has twisted that into a mandate to push its top-down big government agenda on countries around the world.
The Organisation for Economic Co-operation and Development is wrong. The last thing the world needs is more taxes and bigger governments.
A general introduction to the law on tax residence and fiscal domicile in Hong Kong.
Since EL 2.0 is an interim measure, it should remain so without adding to the disputes and litigation, which could be easily avoided through appropriate clarifications, and this year's Budget is a good opportunity to address some of these issues.
On October 8, 2021, all but four of the 140 member jurisdictions of the Organisation for Economic Co-operation and Development/Group of 20 (OECD/G20) Inclusive Framework on Base Erosion and Profit Shifting (IF) agreed by consensus to the revised blueprint of the two-pillar solution “to address the tax challenges arising from the digitalisation of the economy”, dubbed Pillar One and Pillar Two.