Cryptocurrency Q&A
What are pillar 1 and 2?
What are pillar 1 and 2?
CryptoWarrior
Thu Nov 07 2024
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6 answers
1656
I'm trying to understand the concept of pillar 1 and pillar 2. Could you explain what they are and possibly provide some context or examples to help me grasp these terms better?
6 answers
henry_harrison_philosopher
Sat Nov 09 2024
Pillar 1 of the new tax framework allows for a portion of the revenues generated by multinational enterprises from digital activities to be taxed in the market or source countries.
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lucas_clark_artist
Sat Nov 09 2024
This applies specifically to revenues derived from digital activities that do not require a physical workplace in the country where the taxes are being imposed.
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Lucia
Sat Nov 09 2024
The aim of Pillar 1 is to ensure that multinational companies pay their fair share of taxes in the countries where they operate and generate revenue.
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DondaejiDelightfulCharm
Sat Nov 09 2024
Meanwhile, Pillar 2 of the framework envisages the implementation of a global minimum corporate tax rate.
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GeishaCharm
Fri Nov 08 2024
This minimum tax rate is intended to prevent multinational companies from avoiding taxes by shifting profits to low-tax jurisdictions.
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