Pillar Two in the context of cross border merger and acquisition Pillar Two in the context of cross border merger and acquisition
SUNDAY, SEPTEMBER 17, 2023
G-20 countries and the Organizations for Economic Cooperation and Development (OECD) played a very crucial role in international tax reform, with the aim to tackle tax evasion of multinational corporations (MNEs) by shifting the tax base from jurisdictions with higher tax rate to jurisdictions with lower tax rate or no tax (i.e., Base Erosion and Profit Shifting: BEPS) by exploiting gaps and mismatches between different countries' tax systems where investments are located, which may be developing countries providing tax incentives to attract investments from MNEs.