https://www.taxtmi.com/news?id=23253 The Secretariat models Pillar One (Amount A) reallocating a portion of residual profit from large, profitable MNEs in ADS and CFB to market jurisdictions based on destination based sales or users and nexus revenue thresholds, and Pillar Two (GloBE rules: IIR and UTPR) imposing a top up to an agreed minimum effective tax rate with options for jurisdictional blending and a formulaic substance carve out; under illustrative parameters these reforms could increase global CIT revenues by roughly USD 50-80 billion annually while producing modest direct negative effects on global investment and GDP. en-us Mon, 12 Oct 2020 18:48:15 +0530 Wed, 11 Feb 2026 15:59:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23253 The Secretariat models Pillar One (Amount A) reallocating a portion of residual profit from large, profitable MNEs in ADS and CFB to market jurisdictions based on destination based sales or users and nexus revenue thresholds, and Pillar Two (GloBE rules: IIR and UTPR) imposing a top up to an agreed minimum effective tax rate with options for jurisdictional blending and a formulaic substance carve out; under illustrative parameters these reforms could increase global CIT revenues by roughly USD 50-80 billion annually while producing modest direct negative effects on global investment and GDP. News - Mon, 12 Oct 2020 18:48:15 +0530 https://www.taxtmi.com/news?id=23253