OECD signals Pillar Two flexibility to boost adoption; GloBE reporting implications
Key Questions
What flexibility is OECD signaling for Pillar Two?
OECD signals flexibility in Pillar Two to boost adoption, with GloBE reporting implications for US MNEs using Safe Harbour (SbS) without IIR/UTPR. Korea's GMT starts June 2026.
What is the UN Tax Convention focus?
The UN Tax Convention addresses HNWIs, illicit finance, and SEP, with input from Tax Justice Network after the fourth negotiation session. It aims at global tax cooperation.
What is ATAF's role in African TP?
ATAF advances Transfer Pricing in Africa via MEMAP, BEPS, and AfCFTA initiatives. This supports fair taxation across the continent.
How do firms respond differently to corporate taxes?
CEPR research shows firms’ responses to corporate taxes vary by country, based on new administrative tax data providing global estimates of elasticities.
What are the links to P1/TP/GILTI/CARF/DAC8?
Pillar One, Transfer Pricing, GILTI, CARF, and DAC8 intersect with AS22 for MNCs under GloBE rules. These ensure minimum tax compliance globally.
Mar2026 GloBE US MNE SbS (no IIR/UTPR etc); Korea GMT Jun2026; UN Tax (TJN HNWIs/illicit/SEP); ATAF TP Africa (MEMAP/BEPS/AfCFTA); CEPR tax elasticities research; P1/TP/GILTI/CARF/DAC8; AS22/MNC.