Pillar 2 (a 15 percent global minimum tax) is more likely to become a reality, though it, too, has a problem: The project requires a first mover. One country, or cluster of countries, needs to the ...

AUKUS Pillar 2 refers to a suite of cooperative activities conducted by the United States, the United Kingdom, and Australia to develop and field “advanced capabilities” under the AUKUS ...

Federal Reserve vice chair for supervision Michael Barr, left, is joined by Federal Deposit Insurance Corp. chair Martin Gruenberg and Treasury under secretary for domestic finance Nellie Liang in the ...

The pillar-2 regime, in simple words, aims to prevent MNEs from shifting profits to low-tax jurisdictions. By ensuring these companies pay a minimum global tax rate, India can certainly protect ...

In the government’s 2022 autumn statement, it offered a five-year estimate of pillar 2 revenues, revealing that it expects to collect £335 million in the 2023-2024 tax year.