As the spotlight shines on the International Fiscal Association
(IFA) Annual Congress in Cape Town, Dr Franklin
Cachia, Director & Lead Consultant at CSB Group, is
actively participating in discussions that are shaping the future
of international taxation. The 76th Congress has become a focal
point for global tax experts and policymakers, with Pillar Two
taking centre stage this morning. This innovative framework,
designed by the OECD, aims to establish a global minimum tax rate
for multinational enterprises, ensuring fairness and accountability
in international
tax practices.
But what is Pillar Two?
Simply put, the OECD's Pillar Two (2) global minimum tax
framework, focuses on ensuring that multinational enterprises
(MNEs) with significant revenue pay a minimum effective tax rate of
15% on profits in every jurisdiction they operate.
