🇺🇸 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

From AUKMIN 2024:

'Closer collaboration on undersea warfare, autonomous sea mine clearance, science, technology, and our workforces'

#Pillar2
https://www.minister.defence.gov.au/media-releases/2024-03-21/australia-and-united-kingdom-commit-modernising-our-defence-relationship

'The funding will also allow the company to work with industry partners who produce military payloads, to expand the possible mission sets of the Speartooth system. A focus will be on low cost, scalable payloads that can be manufactured quickly and at high volume to compliment the Speartooth design philosophy'.

#Pillar2
https://www.australiandefence.com.au/news/news/c2-robotics-receives-further-defence-funding-for-speartooth-luuv

C2 Robotics receives further Defence funding for Speartooth LUUV - Australian Defence Magazine

C2 Robotics is in the process of completing production of improved Generation 2 versions of the Speartooth Large Uncrewed Underwater Vessel.

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

This week I wrote about #Pillar2.

Just in time to read to your children on the eve of whatever December holiday you may or may not celebrate. It literally works equally well for all of them.

"Allowing refundable credits to be treated as income rather than a reduction in taxes paid effectively allows a backdoor for state-sponsored tax avoidance strategies that the OECD’s BEPS project intended to eliminate.”

#lawfedi @law

https://news.bloomberglaw.com/tax-insights-and-commentary/multinationals-need-universal-treatment-on-pillar-two-credits

Multinationals Need Universal Treatment on Pillar Two Credits

In his latest column, tax expert Andrew Leahey says Pillar Two’s treatment of tax credits shows that a universal approach to state fiscal concessions is needed to ensure multinationals pay their fair share to economies where they do business.

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

Vietnam’s parliament is expected to approve on Wednesday a minimum top-up tax under OECD’s Pillar Two plan to ensure multinationals pay at least 15% tax on their global income.

#vietnam #oecd #globalminimumtax #pillar2 #qdm

https://legalavocado.com/wp/avocado-roundup-vietnam-parliament-set-to-approve-global-minimum-tax-this-week/

Avocado Roundup: Vietnam Parliament Set to Approve Global Minimum Tax This Week Vietnam to Okay Pillar Two

Vietnam’s parliament is expected to approve on Wednesday a qualifying domestic minimum top-up tax under OECD’s Pillar Two plan to ensure multinationals pay at least 15% tax on their global income.

LegalAvocado - Legal, tax, and climate news
Germany’s Parliament Friday approved legislation transposing into German law the December 2022 EU directive that requires the 27 EU member states to implement Pillar 2 rules into their national laws.
#Germany #Pillar2 #globalminimumtax #OECD #Paris #cop28
https://legalavocado.com/wp/avocado-roundup-germany-writes-eu-global-minimum-tax-directive-into-national-law/
Avocado Roundup: Germany Writes EU Global Minimum Tax Directive Into National Law - LegalAvocado

Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans.Germany's Parliament Friday approved legislation transposing into German law the December 2022 EU directive that requires the 27 EU member states to implement Pillar 2 rules into their national laws by Dec. 31, 2023. Pillar 2, which includes the 15% global

LegalAvocado - Legal, tax, and climate news

Deloitte ’s German branch said advising clients on #OECD Pillar Two global minimum tax rules and on transactions powered 14.1% revenue growth for its #tax and #legal arm for 2022-2023...

#Germany #pillartwo #pillar2 #vietnam #globalminimumtax

https://legalavocado.com/wp/avocado-roundup-deloitte-germany-says-pillar-two-advising-powered-14-1-growth-in-tax-legal-arm/

Avocado Roundup: Deloitte Germany Says Pillar Two Advising Powered 14.1% Growth in Tax & Legal Arm - LegalAvocado

Avocado Roundup is a quick review of top tax, legal, and climate news stories. It’s written by humans. Deloitte's German branch said advising clients on OECD Pillar Two global minimum tax rules and on transactions powered 14.1% revenue growth for its tax and legal arm for 2022-2023, to about 343 million euros ($368.3 million). The branch's overall

LegalAvocado - Legal, tax, and climate news