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ARTICLE · 30 MAY 2023

No Time For Waiting

Caplin & Drysdale, Chartered
Caplin & Drysdale, Chartered
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Caplin & Drysdale, Chartered

Caplin & Drysdale, Chartered

Caplin & Drysdale was formed in 1964 by Mortimer M Caplin, who served as Commissioner of the...

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Peter Barnes co-wrote the May 22, 2023 letter "No Time for Waiting" for Tax Notes Today International. Below is the entire letter. Please visit this link to view the letter as it appears in Tax Notes Today International.

United StatesTax
Peter Barnes
Peter Barnes
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Peter Barnes co-wrote the May 22, 2023 letter "No Time for Waiting" for Tax Notes Today International. Below is the entire letter. Please visit this link to view the letter as it appears in Tax Notes Today International.

. . .

To the Editor:

Taxpayers and tax advisers clamor for tax certainty. Without certainty, the argument goes, companies cannot project the economic consequences of decisions, and so decisions are either delayed or misguided. Here is some tax certainty:

  • Pillar 2, the OECD initiative to ensure that large multinationals' income is taxed at a minimum 15 percent rate, will be enacted by more than 100 countries, including important U.S. trading partners. The rules will take effect in some countries no later than 2025.

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This article is designed to give general information on the developments covered, not to serve as legal advice related to specific situations or as a legal opinion. Counsel should be consulted for legal advice.

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