OECD pillar one proposal for taxing right over largest and most profitable multinationals | Practical Law

OECD pillar one proposal for taxing right over largest and most profitable multinationals | Practical Law

This note summarises pillar one of the OECD Inclusive Framework's two-pillar proposal to address the tax challenges arising from the digitalisation of the economy.

OECD pillar one proposal for taxing right over largest and most profitable multinationals

Practical Law UK Practice Note Overview w-034-3955 (Approx. 86 pages)

OECD pillar one proposal for taxing right over largest and most profitable multinationals

Law stated as at 02 May 2023United Kingdom
This note summarises pillar one of the OECD Inclusive Framework's two-pillar proposal to address the tax challenges arising from the digitalisation of the economy.
The pillar one proposal is for a new taxing right (new nexus rule) for market jurisdictions in respect of some of the profits of the largest and most profitable multinational enterprises.