OECD releases key documents on two-pillar international tax reform

The OECD has released key documents as part of its two-pillar solution to reform international tax rules to address the tax challenges arising from globalization and digitalization.

Under Pillar One, the OECD has released a public consultation document on the Draft Multilateral Convention (MLC) Provisions on Digital Services Taxes (DSTs) and other Relevant Similar Measures.
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Under Pillar Two, the OECD has released an implementation package relating to Pillar Two Global Anti-Base Erosion (GloBE) Rules, which provide a coordinated system to ensure that multinational enterprises (MNEs) with revenues above EUR 750 million pay at least a minimum level – at an effective rate of 15 percent – on the income arising in each of the jurisdictions in which they operate.