Ovonji-Odida, Irene; Grondona, Veronica; Chowdhary, … - 2022
OECD has devised a "Two Pillar solution" to the problem. Pillar One is focusing on a reallocation of taxing rights to … market jurisdictions, which are largely expected to be developing countries, and Pillar Two is instituting a global minimum … tax. The Pillar One solution, known as Amount A, will be codified into a Multilateral Convention (MLC) and is expected to …