The Global Minimum Tax
In October 2021, a historic two-pillar international agreement was reached among 137 countries of the OECD/G20 Inclusive Framework on BEPS to address the twin challenges of globalization and digitalization. Pillar One will reallocate tax revenues to the country of the consumer. Pillar Two introduces a global minimum effective tax for MNEs (GMT). This paper focuses on implementation of the GMT. It provides an overview of the core GMT rules, examines implementation by countries thus far, evaluates the key policy considerations (including the impact on tax incentives), and provides a framework for evaluation of the implementation options. The paper also makes recommendations on practical steps in the implementation process, including administrative issues and consultation with key stakeholders. These discussions are expected to be particularly relevant for developing countries.
| Main Authors: | , |
|---|---|
| Format: | Working Paper biblioteca |
| Language: | English English |
| Published: |
World Bank, Washington, DC
2022
|
| Online Access: | http://documents.worldbank.org/curated/en/099500009232217975/P169976034c92506a0a1190bc5e3a05e3ed https://hdl.handle.net/10986/38099 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| id |
dig-okr-1098638099 |
|---|---|
| record_format |
koha |
| spelling |
dig-okr-10986380992024-04-22T12:57:24Z The Global Minimum Tax From Agreement to Implementation - Policy Considerations, Implementation Options, and Next Steps O’Sullivan, David Cebreiro Gómez, Ana In October 2021, a historic two-pillar international agreement was reached among 137 countries of the OECD/G20 Inclusive Framework on BEPS to address the twin challenges of globalization and digitalization. Pillar One will reallocate tax revenues to the country of the consumer. Pillar Two introduces a global minimum effective tax for MNEs (GMT). This paper focuses on implementation of the GMT. It provides an overview of the core GMT rules, examines implementation by countries thus far, evaluates the key policy considerations (including the impact on tax incentives), and provides a framework for evaluation of the implementation options. The paper also makes recommendations on practical steps in the implementation process, including administrative issues and consultation with key stakeholders. These discussions are expected to be particularly relevant for developing countries. 2022-10-03T21:12:54Z 2022-10-03T21:12:54Z 2022 Working Paper Document de travail Documento de trabajo http://documents.worldbank.org/curated/en/099500009232217975/P169976034c92506a0a1190bc5e3a05e3ed https://hdl.handle.net/10986/38099 English en Equitable Growth, Finance & Institutions Insight; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf application/pdf text/plain application/pdf World Bank, Washington, DC |
| institution |
Banco Mundial |
| collection |
DSpace |
| country |
Estados Unidos |
| countrycode |
US |
| component |
Bibliográfico |
| access |
En linea |
| databasecode |
dig-okr |
| tag |
biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| language |
English English |
| description |
In October 2021, a historic
two-pillar international agreement was reached among 137
countries of the OECD/G20 Inclusive Framework on BEPS to
address the twin challenges of globalization and
digitalization. Pillar One will reallocate tax revenues to
the country of the consumer. Pillar Two introduces a global
minimum effective tax for MNEs (GMT). This paper focuses on
implementation of the GMT. It provides an overview of the
core GMT rules, examines implementation by countries thus
far, evaluates the key policy considerations (including the
impact on tax incentives), and provides a framework for
evaluation of the implementation options. The paper also
makes recommendations on practical steps in the
implementation process, including administrative issues and
consultation with key stakeholders. These discussions are
expected to be particularly relevant for developing countries. |
| format |
Working Paper |
| author |
O’Sullivan, David Cebreiro Gómez, Ana |
| spellingShingle |
O’Sullivan, David Cebreiro Gómez, Ana The Global Minimum Tax |
| author_facet |
O’Sullivan, David Cebreiro Gómez, Ana |
| author_sort |
O’Sullivan, David |
| title |
The Global Minimum Tax |
| title_short |
The Global Minimum Tax |
| title_full |
The Global Minimum Tax |
| title_fullStr |
The Global Minimum Tax |
| title_full_unstemmed |
The Global Minimum Tax |
| title_sort |
global minimum tax |
| publisher |
World Bank, Washington, DC |
| publishDate |
2022 |
| url |
http://documents.worldbank.org/curated/en/099500009232217975/P169976034c92506a0a1190bc5e3a05e3ed https://hdl.handle.net/10986/38099 |
| work_keys_str_mv |
AT osullivandavid theglobalminimumtax AT cebreirogomezana theglobalminimumtax AT osullivandavid fromagreementtoimplementationpolicyconsiderationsimplementationoptionsandnextsteps AT cebreirogomezana fromagreementtoimplementationpolicyconsiderationsimplementationoptionsandnextsteps AT osullivandavid globalminimumtax AT cebreirogomezana globalminimumtax |
| _version_ |
1798164611699048448 |