OCED’s BEPS – Pillars 1 & 2 get boost by Australia’s Mathias Cormann becoming CEO and US Janet Yellen endorsing these measures (along with a 28% US rate)
Australia’s Incoming OECD boss Mathias Cormann and former finance minister, and US Treasury Secretary’s call for a minimum multinationals tax rate, present a potentially “remarkable” opportunity to strengthen global rules. See below for further details. [Tax Month – April 2021]