The impact of Pillar Two on tax incentives

Alia Lum & Denis Larkin discuss the impact of the OECD/G20 Inclusive Framework’s Pillar Two proposals on tax incentives.

Across the ASPAC region, many countries offer a range of tax incentives to attract foreign investment and to drive the development of local infrastructure.  However, the introduction of a global minimum tax raises questions as to the future of such incentives. On 1 July 2021, the OECD Inclusive Framework (IF) announced that it had reached majority agreement on the building blocks for a new global tax framework, which is currently supported by 134 out of 140 IF members.  Our recen...

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Authors: Alia Lum, Denis Larkin

Published Date: 21 September 2021