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The use of accounting information in the tax base in the Pillar 2 global minimum tax: a discussion of the rules, potential problems, and possible alternatives.
- Source :
- Fiscal Studies; Mar2023, Vol. 44 Issue 1, p37-52, 16p
- Publication Year :
- 2023
-
Abstract
- In this paper, I provide a high‐level, non‐technical review of how accounting information is used in Pillar 2 and what this means for the tax base. In addition, I discuss potential problems of using accounting data explicitly in a minimum tax and then, specifically, as the starting point for the computation of the income measures in Pillar 2. I then discuss several alternative solutions that may be simpler – or at least no more complex – and, importantly, pose fewer problems in terms of the quality of financial accounting information and the information available to capital markets. [ABSTRACT FROM AUTHOR]
- Subjects :
- INTERNATIONAL taxation
TAX base
TAX accounting
BUSINESS tax
CAPITAL market
Subjects
Details
- Language :
- English
- ISSN :
- 01435671
- Volume :
- 44
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Fiscal Studies
- Publication Type :
- Academic Journal
- Accession number :
- 162569735
- Full Text :
- https://doi.org/10.1111/1475-5890.12320