19/01/22

From Global Regulation & Policy

From Comment

Global Minimum Tax - Pillar 2 Impact On Wealth Management Clients

In October 2021, the OECD was expected to announce the final details of its initiative for countries to cooperate to impose a global minimum tax. However, the statement that was issued was disappointingly low on detail, probably due to the 130+ countries involved in the negotiations focusing on high-level issues such as the actual rate of tax (now agreed at 15 per cent) without deciding more significant points of detail about the new rules and the necessary implementation procedures.

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