Several places are already putting Pillar Two into action, and many governments want their plans to be accepted before the end of 2023. But it's hard to guess how Pillar Two will affect the government's income. Because of this, only a few countries have shared their results with the world.
The Joint Committee on Taxation (JCT) looked at the impact of adopting the OECD's Pillar Two in a recently report. The analysis looks at the current law for multinational enterprises (MNEs), explains how the Pillar Two deal works, and gives JCT's opinion on how the deal might affect government revenue.
Several places are already putting Pillar Two into action, and many governments want their plans to be accepted before the end of 2023. But it's hard to guess how Pillar Two will affect the government's income. Because of this, only a few countries have shared their results with the world.
