Devereux, Michael P.; Simmler, Martin - 2021
Based on the agreed Pillar 1 threshold of profitability of 10% (and given that financial and extractive companies are … excluded), then only 78 of the world's 500 largest companies will be affected. If the proportion of profit above this threshold … composition of companies subject to Pillar 1 is strongly affected by the definition of profitability-pre-tax profits as a …