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The Pillar Two design of OECD comprises numerous interlocking rules that will ensure that covered multi-national enterprises pay a minimum tax while avoiding double taxation where there is no economic profit.
As per a PwC study, around 175 arms of multinationals operating in India qualify for consideration under Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) 2.0 Pillar Two regulations.
On December 11, 2023, the U.S. Treasury Department ("Treasury") and the U.S. Internal Revenue Service ("IRS") released Notice 2023-80 (the "Notice")...
Finance - Global tax reform, ineffective use of technology, and economic uncertainty are putting significant strain on businesses’ transfer pricing (TP)
Norway passed its global minimum tax into law on Jan. 12, including a domestic minimum top-up tax for local groups and an income inclusion rule for foreign subsidiaries.