I have very much enjoyed working with Gael over the last few years and I am very pleased to see that he has agreed to take on the role of co-chair alongside Marlene Parker.

Join us for our latest economic impact analysis of the international tax agreement, which includes the global minimum effective tax

After quite a lot of time, really looking forward to putting out new estimates of the revenue impacts of P1 & P2. There’s been a lot of change in the Pillars since we last put a significant amount of new analysis out, and we’ve been doing a lot of work with the member

Good news that Manal has agreed to take on this role.

GloBE is expected to result in USD 220 billion, or 9% of global corporate income tax revenues. This is a significant increase over the OECD’s previous estimate of USD 150 billion in additional annual tax revenues attributed to the minimum tax component of Pillar Two.

It didn't arrive in time for Christmas but we now have agreed and released a package of further guidance on the GloBE rules covering a number of important topics of significant interest including the treatment of GILTI taxes and gu…lnkd.in/dAdmk8Uk bit.ly/3HqiCEf

A significant package of guidance released today on the operation of the GloBE Rules, which will shape the co-ordinated approach to implementing and applying the Global Minimum Tax. bit.ly/3HqiCEf

New IMF paper suggests that "an additional positive revenue impact from P2 could come from reduced competition over corporate tax rates, which could boost global CIT revenues by an extra 8.1 percent." lnkd.in/dRNftwmW

Thanks to Sonia, Carrie and the rest of the communications team , we have now released the public comments we received on the GloBE Information Return (GIR) and tax certainty. Submitters are unanimously in calling for a simple GIR…lnkd.in/d-bAXeeq bit.ly/3XyAFxQ

My latest update to G20 South Africa Finance Ministers and Central Bank Governors, meeting in Bengaluru, which sets out the progress so far on the two-pillar international tax reform package, tax transparency and the first meeting of the #IFCMA. #G20India #G20 🗞 oe.cd/4SL

South Korea has published draft 2023 Tax Law Amendment Bill, noting that the UTPR rules would apply from January 1, 2025 transferpricingnews.com/south-korea-de…

I don’t think enough people have seen this. It’s Kurt Vonnegut talking to his wife about going out to get an envelope (we’re here on earth to fart around):

[OUT NOW] The multilateral instrument implementing Pillar Two’s Subject to Tax Rule – together with its Explanatory Statement – has been released and is now open for signature. 🗞️ Read more ➡️ oe.cd/5dL #STTRMLI

[OUT NOW] 🆕 Minimum Tax Implementation Handbook provides an overview of the key provisions and considerations for tax policy and administration officials, as well as other stakeholders, in implementing the Pillar Two Model Rules. 📘 oe.cd/p2-handbook #OECDP2

New findings from our latest Corporate Tax Statistics report and an accompanying working paper released today underline the need for the global minimum tax, which will help mobilise domestic resources. ➡️ oe.cd/5jp #CorpTaxStats

This is really good and helpful OECD paper. A take on punchline: 36.1% of all profits are low-taxed (defined as <15%) regardless of reporting location (Fig. 16), and 21.4% of all profits are generated in locations that have average ETRs <15% (Fig. 15). x.com/PierceOReilly/…

Global minimum tax: Lex comment in the FT. ft.com/content/53d714… via Financial Times

Jurisdictions continue to counter harmful tax practices through the implementation of the international standard under #BEPS Action 5. 🗞️ See the latest results on preferential tax regimes & substantial activities in no or only nominal tax jurisdictions ➡️oe.cd/5pJ

Good thread, interesting stuff. (I have no idea how accurate.) x.com/hankgreen/stat…

Raising interesting questions about the law of property...