Cryptocurrency Q&A
What is the Pillar 2 750 million?
What is the Pillar 2 750 million?
Giuseppe
Wed Nov 06 2024
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5 answers
1018
I heard about something called the Pillar 2 750 million and I'm curious to know what it is. Could it be a financial term, a project, or maybe even a specific amount allocated for something? I'm not sure, so I'm asking for clarification.
5 answers
BlockchainBaron
Fri Nov 08 2024
The OECD's Pillar Two framework has been introduced to address the issue of tax avoidance by multinational enterprises (MNEs).
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Caterina
Fri Nov 08 2024
This framework is specifically targeted at MNEs with global revenues exceeding EUR 750 million.
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GliderPulse
Thu Nov 07 2024
The objective of Pillar Two is to ensure that these MNEs pay a minimum effective tax rate on income generated in each jurisdiction where they operate.
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SejongWisdomKeeperElite
Thu Nov 07 2024
The framework operates by imposing a top-up tax on profits earned in jurisdictions where the effective tax rate (ETR) falls below 15%.
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BitcoinBaroness
Thu Nov 07 2024
This measure is intended to prevent MNEs from shifting profits to low-tax jurisdictions in order to reduce their overall tax burden.
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