SC Statement – Two Pillar Solution, 28 July 2023
Statement by the South Centre on the Two Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy
28 July 2023
The South Centre takes note of the Outcome Statement by 138 member jurisdictions of the OECD/G20 Inclusive Framework (IF) made on 11 July 2023, on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy. In this statement the South Centre highlights the inclusion of rules that have the practical effect of reducing the tax payable to developing countries under Amount A, the limitations of Pillar Two and other key aspects of the OECD proposed rules that require attention by developing countries before they decide to be tied up by such rules.
This article was tagged: Amount A, Digital Economy, Digital Tax, Digital Taxation, Global Anti-Base Erosion (GloBE) Rules, Global Tax, Global Taxation, Group of 20 (G-20), Inclusive Framework, International Tax, International Tax Cooperation, International Tax Reform, International Taxation, Organisation for Economic Co-operation and Development (OECD), Pillar One, Qualified Domestic Minimum Top-up Tax (QDMTT), Subject to Tax Rule (STTR), Tax, Tax Cooperation, Tax Law, Tax Policy, Tax Reform, Taxation, The Multilateral Convention (MLC), Two Pillar Solution