Worldwide:
The Global Minimum Tax Rules - Impact On Businesses And What To Do Now
14 March 2022
Morrison & Foerster LLP
To print this article, all you need is to be registered or login on Mondaq.com.
As the Global Minimum Tax Rules ("Pillar 2") comes
into force on January 1, 2023, it is now imperative for affected
multinational entities to act quickly in order to implement the
Organisation for Economic Cooperation and Development
("OECD") and EU requirements in a timely manner, and to
avoid possible sanctions. The administrative effort and fiscal
consequences should not be underestimated. In
the Handelsblatt Steuerboard, Dr. Jens-Uwe Hinder and
Dr. Jenny Broekmann comment on the effects of the global minimum
taxation on German group companies.
Read the full article (in German).
Originally published by Handelsblatt
Because of the generality of this update, the information
provided herein may not be applicable in all situations and should
not be acted upon without specific legal advice based on particular
situations.
© Morrison & Foerster LLP. All rights reserved
POPULAR ARTICLES ON: Tax from Worldwide
Tax – A Shake-Up Looms
Herbert Smith Freehills
Few developments in the tax world have an impact on a truly global scale, but the so-called 'Pillar Two' rules – essentially a global minimum corporate tax – is one of them.
Tax Saving Tips For Your Cyprus Company
McMillan Woods
Cyprus has an extensive network of double tax treaties with various countries, which can help in reducing or eliminating double taxation. Take advantage of these treaties to minimize your tax liabilities.
Tax Facts 2024
Highworth
Highworth (Cyprus) Ltd, a trusted leader in financial services, proudly presents the Tax Facts of 2024.
Tax Relief On Debt For Companies
Lubbock Fine
When financing your business operations through borrowing, one of the main considerations will be whether the interest cost is deductible, and to what extent if it is. In the UK...