🇺🇸 Gli USA ottengono l’esclusione dal #Pillar2 OCSE: niente tassa minima globale del 15% per le big tech americane.

🇮🇹 L’Italia (e altri) perde così miliardi di entrate potenziali e strumenti contro l’elusione fiscale.

💸 La “tassa globale contro ľinequità fiscale” non è più tanto globale.

#fiscale #OCSE #BigTech #OECD #Google #Pillar2 #BEPS #G7 #tassazione #GiustiziaFiscale #multinazionali #capitalismo

Zucman's research has found that the leading corporate tax havens are all #OECD–compliant, and that tax disputes between high– #tax locations and havens are very rare. His papers are some of the most cited papers on research into tax havens.[10] Zucman is also known for his work on the quantification of the financial scale of base erosion and profit shifting ( #BEPS ) tax avoidance techniques employed by multinationals in corporate tax havens,[11][12] through which he identified Ireland as the world's largest corporate tax haven in 2018
wiki

@FluentInFinance

IDK who the guy is*, and if he is no acolyte of #EVA/#NOPAT, the #BalancedScorecard, or Communism, he doesn't really understand accounting.

Even intelligent people say stupid things.

And, yes, the pics are somewhat appropriate. 😉
This is how the cookie crumbles.

Also: this is why "tax optimization" has such an immense leverage--and why the #OECD' #BEPS innitiative has taken so many years.

https://en.m.wikipedia.org/wiki/Charlie_Munger

Charlie Munger - Wikipedia

Just around 3 dozen countries and jurisdictions--not including the US and China--were ready to apply the 15% global minimum tax to big multinational companies starting Jan. 1.
@OECD #pillar2 #globalminimumtax #beps #corporatetax #multinationalcompanies

https://legalavocado.com/wp/avocado-weekly-global-minimum-tax-rolls-in-to-mixed-forecasts/

Global Minimum Tax Rolls In to Mixed Forecasts

Several dozen countries and jurisdictions were said to be ready to apply the 15% global minimum tax to big multinational companies on Jan. 1, but for now China and the US are not among them.

LegalAvocado - Legal, tax, and climate news
Five European Union member states have officially notified the European Commission that they intend to delay application of 2 key components of the Pillar 2 global minimum tax in the big @OECD tax reform.
#globalminimumtax #pillar2 #beps #corporatetax
https://legalavocado.com/wp/avocado-roundup-5-eu-member-states-elect-to-delay-key-pillar-two-rules/
Avocado Roundup: 5 EU Member States Elect to Delay Key Pillar Two Rules

Five EU member states officially notified the European Commission that they intend to delay application of two key components of the Pillar Two global minimum tax in the big OECD tax reform.

LegalAvocado - Legal, tax, and climate news

Only ~ 3 dozen jurisdictions have committed to implement the global minimum tax so far, but uptake will likely "snowball" as the top-up tax spurs other countries to join the club, top @OECD officials said.
#globalminimumtax #pillar2 #beps #corporatetax

https://legalavocado.com/wp/avocado-roundup-oecd-expects-uptake-of-15-global-minimum-tax-to-snowball/

OECD Expects Uptake of 15% Global Minimum Tax to "Snowball"

Only about three dozen jurisdictions have committed to implement the global minimum tax, but uptake will likely snowball as the top-up tax spurs other countries to join the club, OECD officials said.

LegalAvocado - Legal, tax, and climate news

@hosford42 @amoshiashwili @dcjohnson

(5/5)

BEPS - #BaseErosionAndProfitShifting.

#BEPS includes many different initiatives that enables multinational companies and super wealthy individuals (to this day) to move earnings to countries where they pay a lower tax rate (or no taxes at all.)

In 2021, 130 countries agreed at least on minimum taxes for the biggest global players:

https://kpmg.com/ie/en/home/services/tax/corporate-tax/beps-2-pillar-one-pillar-two.html

This is an ongoing global project.

//

*
https://www.oecd.org/tax/beps/about/

BEPS 2.0 – Pillar One & Pillar Two

The OECD measures & their impact for Ireland

KPMG
Global minimum tax to fall short of expectations, researchers warn

The global minimum corporate tax of 15% will generate significantly less revenue than what was originally hope

EURACTIV

The US has put the OECD - OCDE 's Pillar One multilateral treaty to a 60-day consultation to get views of the US public, business community, the US Treasury secretary said in Luxembourg.

#BEPS #dst #bigtech #taxes #EU #France #UN

https://legalavocado.substack.com/p/avocado-roundup-us-wont-sign-pillar

Avocado Roundup: US Won't Sign Pillar 1 Treaty Before Next Year, Yellen Says

OECD-brokered deal aims to ensure giant companies pay taxes where they earn revenues.

LegalAvocado
#Singapore plans to make sure its implementation of the 15% global minimum tax on multinational #enterprises doesn’t complicate doing business in the city state, a government official said Friday.
#pillar2 #BEPS OECD - OCDE #tax #transferpricing
https://legalavocado.com/wp/avocado-roundup-pillar-2-rules-shouldnt-complicate-doing-business-in-singapore-official-says/
Avocado Roundup: Pillar 2 Rules Shouldn’t Complicate Doing Business in Singapore, Official Says

Avocado Roundup is a quick morning review of top tax, legal, and climate news stories. It’s written by humans. Tax Increases, Rulings Laterals, Moves…

LegalAvocado