Implications of OECD Pillars 1 & 2 for the Crown Dependencies
OECD Pillars 1 & 2 rules and how they may affect companies operating in the Crown Dependencies
OECD Pillars 1 & 2 rules and how they affect companies operating in the Crown Dependen
On 20 December 2021 the OECD Inclusive Framework published the detailed model rules that underpin Pillar 2, which is part of the OECD’s package of initiatives to deal with the tax challenges of the digitalisation of the global economy.
Pillar 2 provides for a global minimum effective rate of taxation for in scope multinational groups of companies and seeks to ensure that profits arising to such entities are charged to tax at a rate of at least 15% irrespective of where those profits arise. These rules will clearly have an impact on companies operating within the Crown Dependencies.
Now that we have some clarity on the Pillar 2 rules and an indication of the direction of travel in relation to Pillar 1, our team of experts in the Crown Dependencies held a webinar on Wednesday 19 January to discuss these rules and how they may affect companies operating in the Crown Dependencies.
Download the webinar slides here.
You can watch the webinar replay below: