Pillar Two will ensure that a minimum level of tax will be paid, no matter how much clever tax planning is undertaken by multinationals.
This is why an international agreement is needed to reach, whether partly in October and then later in 2021, or any other possible combination driven by the political agenda, according to the OECD.
Fullelove is optimistic about the achievement of international agreement. He said there might be a compromise from the talks since the last thing countries across the world want to see in the post-pandemic era is trade war.
According to some experts, although the coronavirus pandemic might be a hurdle for a global agreement, the prospect of tariffs and trade wars may ultimately help motivate governments to develop a consensual approach.
【国际英语资讯:Spotlight: Experts urge efforts to reach intl agreement on digital tax amid coronavirus cr】相关文章:
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