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Digital Economy — KPMG on OECD’s Minimum Rate of Tax

Digital Economy — KPMG on OECD’s Minimum Rate of Tax

Companies that conduct business internationally may want to follow the ongoing global debate on the digitization of the economy and taxation.

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Companies that conduct business internationally may want to follow the ongoing global debate on the digitization of the economy and taxation. KPMG International recently submitted comments to the Organisation for Economic Cooperation and Development's (OECD) proposed approach to ensure that the profits of internationally operating businesses are subject to a minimum rate of tax under Pillar Two. KPMG's submission, which is in response to a public consultation, identifies design considerations for the OECD's proposals, along with certain recommendations.

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