2022 · Q101
Recently, the term 'two-pillar soluction/two-pillar package' often seen in the news refers to
General KnowledgeCurrent Affairs
- AGlobal energy security in near future
- BInternational cyber crime reporting
- CMinimum global corporate tax
- DPrevention of international money laundering
Explanation
The OECD/G20 ‘two-pillar solution’ (agreed 2021) reforms international corporate taxation: Pillar One reallocates taxing rights over large multinationals, and Pillar Two imposes a global minimum corporate tax of 15%. It is the minimum-global-corporate-tax package.