Head of the Tax Policy and Statistics Division, OECD.
Views are my own and may not represent those of the OECD
Oct 12, 2020 • 9 tweets • 2 min read
The Impact Assessment finds that Pillar 1 & Pillar 2 could increase global corporate income tax (CIT) revenues by about USD 50-80 bn a year. The combined effect of the reforms & the US GILTI could represent USD 60-100 bn a year (i.e. up to around 4% of global CIT revenues).
Pillar 1 would involve a significant change to the way taxing rights are allocated among jurisdictions, as taxing rights on about USD100 bn of profit could be reallocated to market jurisdictions under the Pillar 1 rules.This would lead to a modest increase in global tax revenues.
