GloBE rules made easy

Resource Information

The work GloBE rules made easy represents a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation. This resource is a combination of several types including: Work, Language Material, Books.

Label

GloBE rules made easy

Creator

• Sharma, K

Subject

• CFC
• GloBE Proposal (OECD)
• IIR (OECD)
• BEPS
• Pillar 1 (OECD)
• Pillar 2 (OECD)
• UTPR (OECD)
• Inclusive Framework (OECD)

Language

eng

Summary

This book gives an all-around understanding of the background and attributes of the OECD’s Global Anti-Base Erosion Rules (GloBE Rules). Published in December 2021, worldwide implementation of the OECD’s GloBE Rules promises to strike a powerful blow at the tax avoidance rampantly indulged in by many multinational corporations since global minimum tax rate of 15% in all countries is expected to curb shifting of profits from higher tax jurisdiction to lower tax jurisdiction or tax havens. This book will prove to be a hands-on guide to the Inclusive Framework (IF) member jurisdictions preparing to implement this legislation. The following features are elucidated in the book: text of each of the GloBE Rules’ ten chapters (including all forty-nine articles) along with both summary and detailed description; explanations of the Commentary and Illustrative Examples released by the OECD in March 2022; numerous flowcharts, tables, boxes, illustrations, and figures; elaborate technical discussions amidst specific policy considerations; analysis of IF Member jurisdictions regarding key parameters with suitable recommendations; ‘GloBE Rules at a Glance’ checklist encapsulating the features and application of the Rules in the form of FAQs; and implementation processes under way in ten representative jurisdictions. The various publications and releases by the OECD up to 31 May 2022 are considered and meticulously elaborated upon

Geographic coverage

International

Index

no index present

Language note

English

Literary form

non fiction