{"id":12800,"date":"2023-12-08T11:09:06","date_gmt":"2023-12-08T11:09:06","guid":{"rendered":"https:\/\/legalavocado.com\/wp\/?p=12800"},"modified":"2023-12-08T11:17:04","modified_gmt":"2023-12-08T11:17:04","slug":"avocado-roundup-oecd-expects-uptake-of-15-global-minimum-tax-to-snowball","status":"publish","type":"post","link":"https:\/\/legalavocado.com\/wp\/avocado-roundup-oecd-expects-uptake-of-15-global-minimum-tax-to-snowball\/","title":{"rendered":"Avocado Roundup: OECD Expects Uptake of 15% Global Minimum Tax to &#8220;Snowball&#8221;"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"12800\" class=\"elementor elementor-12800\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6b35726 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6b35726\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-43fbe2dd\" data-id=\"43fbe2dd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6db642fe elementor-widget elementor-widget-text-editor\" data-id=\"6db642fe\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 20-09-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Avocado Roundup is a quick review of top tax, legal, and climate news stories. It\u2019s written by humans.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1c03aac2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1c03aac2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1695b993\" data-id=\"1695b993\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-19ec1aae elementor-widget elementor-widget-text-editor\" data-id=\"19ec1aae\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>Around 55 jurisdictions so far have either committed to implementing or expressed intent to implement the global 15% minimum tax starting Jan. 1, 2024, but that uptake will likely reach a critical mass &#8220;in the next year or so,&#8221; as other countries feel incentive to join the trend, Manal Corwin, head of the OECD&#8217;s Center for Tax Policy and Administration says in a recent interview. (<a style=\"background-color: #ffffff;\" href=\"https:\/\/www.fdiintelligence.com\/content\/News\/the-oecd-view-the-right-tax-the-right-way-83225\" target=\"_blank\" rel=\"noopener\"><u><i>FDI Intelligence<\/i><\/u><\/a>)<\/li><li>The global minimum tax is set out by Pillar 2 rules in the two-pillar reform developed by the Organization for Economic Cooperation and Development to ensure the world&#8217;s biggest companies pay a fair amount of tax on their global income starting in 2024. In July, 138 jurisdictions approved an outcome statement for the plan, but to date only about three dozen, including EU member states, have actually committed to implementing starting next Jan. 1, says the OECD\u2019s acting tax division chief, John Peterson.\u00a0(<a href=\"https:\/\/legalavocado.com\/wp\/avocado-roundup-kuwait-said-to-mull-new-tax-law-to-implement-global-minimum-tax\/\" target=\"_blank\" rel=\"noopener\"><u><i>LegalAvocado.com<\/i><\/u><\/a>)\u00a0<\/li><li>Peterson commented in an FDI Intelligence interview with Corwin. He says a Pillar 2 backstop mechanism will fuel a snowball effect, by ensuring that if a jurisdiction where a company has economic activity isn&#8217;t taxing the company&#8217;s income at the minimum rate, other jurisdictions can slap a top-up tax on that income. (<a href=\"https:\/\/www.fdiintelligence.com\/content\/News\/the-oecd-view-the-right-tax-the-right-way-83225\" target=\"_blank\" rel=\"noopener\"><u><i>FDI Intelligence<\/i><\/u><\/a>)<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8416fae elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8416fae\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ff1b43c\" data-id=\"ff1b43c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aa09b0c elementor-widget elementor-widget-heading\" data-id=\"aa09b0c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 20-09-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h5 class=\"elementor-heading-title elementor-size-default\">Improve coordination, info exchange to fight dividend fraud, report says<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-07acc3f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"07acc3f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8b29f07\" data-id=\"8b29f07\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6da10e7 elementor-widget elementor-widget-text-editor\" data-id=\"6da10e7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul style=\"font-size: 16px; background-color: #ffffff;\"><li style=\"font-size: 16px;\">Tackling dividend tax fraud will require better coordination among domestic and international tax, law enforcement, and financial agencies, including better sharing of information between jurisdictions, according to a new OECD report. The Paris-based organization also released a report on\u00a0<a style=\"background-color: #ffffff;\" href=\"https:\/\/www.oecd.org\/tax\/crime\/pilot-inter-agency-trust-maturity-model-and-trust-perception-survey.htm\" target=\"_blank\" rel=\"noopener\"><u><i>enhancing trust<\/i><\/u><\/a>\u00a0between tax and other financial crime authorities. (<a href=\"https:\/\/www.oecd.org\/tax\/crime\/dividend-tax-fraud-70ee934c-en.htm\"><i><u>OECD.org<\/u><\/i><\/a>)<\/li><li style=\"font-size: 16px;\">The OECD released the reports during its Dec. 5-7 forum on tax and crime in Rome, which brought together heads of financial crime agencies and other senior law enforcement authorities from 46 jurisdictions. (<a href=\"https:\/\/www.oecd.org\/ctp\/crime\/enhancing-global-collaboration-is-key-in-tackling-tax-crime-in-the-digitalising-economy.htm\"><i><u>OECD.org<\/u><\/i><\/a>)<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2c3b41ff elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2c3b41ff\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7cc884b\" data-id=\"7cc884b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-37d78c36 elementor-widget elementor-widget-heading\" data-id=\"37d78c36\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">BCLP makes partner hire to launch Luxembourg desk in Paris<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-711dfdcd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"711dfdcd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-234ae3df\" data-id=\"234ae3df\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1eb22c4a elementor-widget elementor-widget-text-editor\" data-id=\"1eb22c4a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li style=\"font-size: 16px;\"><span style=\"background-color: transparent; color: var( --e-global-color-text );\">Transatlantic Big Law firm Bryan Cave Leighton Pasiner said Allen &amp; Overy corporate, restructuring, and finance counsel\u00a0<\/span><i style=\"background-color: transparent; color: var( --e-global-color-text );\"><u><a href=\"https:\/\/www.linkedin.com\/in\/ambroise-foerster-46214339\/\">Ambroise Foerster<\/a><\/u><\/i><span style=\"background-color: transparent; color: var( --e-global-color-text );\">\u00a0will join the firm as partner in Paris in January, to launch and lead its new Luxembourg desk. Foerster earlier led DLA Piper&#8217;s Paris-based Luxembourg desk. BCLP said the new desk meets growing demand from clients for advice on Luxembourg, a\u00a0center for European regulation of investment funds,\u00a0ranking second worldwide for volume of investment assets under management. The desk will also boost the firm&#8217;s corporate, finance and real estate teams. (<\/span><u style=\"background-color: transparent; color: var( --e-global-color-text );\"><i><a href=\"https:\/\/www.bclplaw.com\/en-US\/events-insights-news\/bclp-launches-luxembourg-desk-in-paris-with-addition-of-partner-ambroise-foerster.html\">BCLPLaw.com<\/a><\/i><\/u><span style=\"background-color: transparent; color: var( --e-global-color-text );\">)<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Avocado Roundup is a quick review of top tax, legal, and climate news stories. It\u2019s written by humans. Around 55 jurisdictions so far have either committed to implementing or expressed intent to implement the global 15% minimum tax starting Jan. 1, 2024, but that uptake will likely reach a critical mass &#8220;in the next year [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12881,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[166,108,113,5,73],"tags":[],"class_list":["post-12800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dividend-tax-fraud","category-global-minimum-tax","category-globe","category-oecd","category-pillar-two"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/posts\/12800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/comments?post=12800"}],"version-history":[{"count":144,"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/posts\/12800\/revisions"}],"predecessor-version":[{"id":12946,"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/posts\/12800\/revisions\/12946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/media\/12881"}],"wp:attachment":[{"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/media?parent=12800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/categories?post=12800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/tags?post=12800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}