Global minimum tax: Will India’s budget offer a Pillar Two roadmap?
Prepared under the Organisation for Economic Co-operation and Development’s (OECD) Inclusive Framework, which encompasses over 140 countries, Pillar Two is poised to redefine the fiscal obligations of multinational enterprises (MNEs). Pillar Two aims to curb profit-shifting and ensures that MNEs pay a minimum level of tax in all the countries where they operate. It applies