<h1>Minimum tax and profit reallocation principles shape a new international tax consensus affecting market jurisdiction revenues.</h1> International tax reform moves forward under a two-component OECD/G20 framework: Pillar One reallocates additional profits to market jurisdictions, while Pillar Two provides a minimum tax and subject to tax rules; technical details on profit allocation and scope of subject to tax provisions remain to be finalized, and India advocates a simple, implementable package that ensures meaningful, sustainable revenue for market jurisdictions and prevents treaty shopping.