Pillar Two and Australian Real Estate

Scott Farrell, Justin Davis, Denis Larkin and Simon Clark make preliminary observations in relation to the potential application of the global minimum tax rules in Pillar Two with respect to Australian real estate investments.

The 130 members of the Organisation for Economic Cooperation and Development (OECD)/G20 Inclusive Framework on BEPS approved a statement on 1 July 2021 which provides a framework for reform of the international tax rules. The agreement has two components which are referred to as Pillar 1 and Pillar 2: Pillar One reallocates a portion of the profits of certain very large multinational enterprises (MNEs) with a global turnover above 20 billion euros to market countries, irrespective of whet...

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Authors: Scott Farrell, Justin Davis,

Published Date: 13 July 2021