Dispute Resolution Under OECD's "Pillar Two" 15% Global Minimum Tax Remains Unclear

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Jones Day
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Jones Day is a global law firm with more than 2,500 lawyers across five continents. The Firm is distinguished by a singular tradition of client service; the mutual commitment to, and the seamless collaboration of, a true partnership; formidable legal talent across multiple disciplines and jurisdictions; and shared professional values that focus on client needs.
In October 2020, the Organization for Economic Co-operation and Development Secretariat released a report addressing its "Pillar Two" blueprint for an overhaul of the international tax system.
United States Litigation, Mediation & Arbitration
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In October 2020, the Organization for Economic Co-operation and Development ("OECD") Secretariat released a report addressing its "Pillar Two" blueprint for an overhaul of the international tax system. Pillar Two provides for a minimum tax of at least 15% on the earnings of qualified multinationals in each of the jurisdictions where they operate. While the Pillar Two rules remain something of a work in progress, they are, given they have already been adopted in several jurisdictions, a business reality. It is clear that this regime, when fully enacted, will likely give rise to complex multijurisdictional disputes.

This White Paper thus sets out best practices multinationals should adopt both in anticipation of, and to avoid, such disputes.

Read the White Paper.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Dispute Resolution Under OECD's "Pillar Two" 15% Global Minimum Tax Remains Unclear

United States Litigation, Mediation & Arbitration
Contributor
Jones Day is a global law firm with more than 2,500 lawyers across five continents. The Firm is distinguished by a singular tradition of client service; the mutual commitment to, and the seamless collaboration of, a true partnership; formidable legal talent across multiple disciplines and jurisdictions; and shared professional values that focus on client needs.
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