ICRICT Evaluation of the OECD/G2O two-pillar solutionJune- 2024. ICRICT EVALUATION OF THE OECD/G20 TWO-PILLAR SOLUTION – June 2024 Tax avoidance by multinationals and ICRICT solutions The current international tax system is broken and skewed towards the richest and most powerful of our societies. This system fosters and perpetuates inequality, not only between countries, but within countries. It does so by allowing tax havens to exist. Tax havens enable the richest in our societies to hide their wealth using highly opaque financial services. Tax havens also are the favored location for booking the profits of the largest and most powerful multinationals in the world. The current system of taxing multinational corporations' global profits based on transfer pricing is outdated and unfair, enabling systemic tax avoidance by large multinational corporations which deprives both developed and developing countries of resources to invest in public services.
28 September 2024
ICRICT Evaluation of the OECD/G2O two-pillar solution
The Subject to Tax Rule: A Comparison of The OECD and UN VersionsIn order to ensure a minimum level of taxation of intra-group payments, the G20/OECD Inclusive Framework (G20/OECD IF) and the United Nations Committee of Experts on International Tax Cooperation (UNTC) have separately developed a Subject to Tax Rule (STTR). This is a minimum tax that applies on a transactional basis to payments from source States that are subject to low nominal tax rates in the State of the payee. The STTR is based on an understanding that where, under a tax treaty, a source State has ceded taxing rights on certain outbound payments, it should be able to recover some of those rights when the income in question is taxed (if at all) in the State of the payee (i.e. the residence State) below a certain rate.
03 September 2024
The Subject to Tax Rule: A Comparison of The OECD and UN Versions
ICRICT welcomes the adoption of the Terms of Reference for a UN Tax Convention
ICRICT calls on all governments today to vote YES to the final Terms of Reference for a UN Tax Convention
G20 Must go further in fight to tax the rich
ICRICT Evaluation of the OECD/G2O two-pillar solutionJune- 2024. ICRICT EVALUATION OF THE OECD/G20 TWO-PILLAR SOLUTION – June 2024 Tax avoidance by multinationals and ICRICT solutions The current international tax system is broken and skewed towards the richest and most powerful of our societies. This system fosters and perpetuates inequality, not only between countries, but within countries. It does so by allowing tax havens to exist. Tax havens enable the richest in our societies to hide their wealth using highly opaque financial services. Tax havens also are the favored location for booking the profits of the largest and most powerful multinationals in the world. The current system of taxing multinational corporations' global profits based on transfer pricing is outdated and unfair, enabling systemic tax avoidance by large multinational corporations which deprives both developed and developing countries of resources to invest in public services.28 September 2024

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