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By Eduardo MEDINA, EY Luxembourg TMT, Consumer Products and Services, and Transfer Pricing Partner Camila CALDERON, EY Luxembourg International Tax and Transaction Services Partner
In the dynamic landscape of international taxation, the Organization for Economic Co-operation and Development (“OECD”) has released Pillar 2 Model Rules within the Inclusive Framework (IF) on Base Erosion and Profit Shifting (BEPS) (altogether, the “GloBE Model Rules”). As a response to the challenges arisen from the digitalization of the economy and the increasingly globalized business environment, GloBE Model Rules seek to establish a global minimum tax, ensuring multinational enterprises (MNEs) contribute...
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