The OECD/G20’s Two Pillar Approach

On July 1, 2021, the OECD/G20 Inclusive Framework issued a statement saying that broad agreement had been reached on a Two Pillar approach, with over 130 members agreeing to the proposals.

Our complimentary OnPoint on the Two Pillar Solution by the OECD/G20 Inclusive Framework on BEPS provides ready-to-use slides summarizing the Two Pillars – allowing tax professionals to prepare and easily share insights and explanations on the following:

Pillar One

• New nexus and profit allocation rules
• Taxing market jurisdictions regardless of physical presence
• The fixed return for baseline marketing and distribution
• Improved tax certainty

Pillar Two

• Minimum level tax for multinational entities
• Additional taxing rights for certain jurisdictions
• The Subject to Tax Rule
• GloBE Rules

Download your copy to quickly learn the newest details on the Two Pillar approach.