Cryptocurrency Q&A What is pillar two income tax?

What is pillar two income tax?

HallyuHero HallyuHero Wed Nov 06 2024 | 5 answers 970
I've heard about pillar two income tax recently and I'm trying to understand what it is. Could someone please explain the concept of pillar two income tax to me, including how it works and what its purpose is? What is pillar two income tax?

5 answers

CrystalPulse CrystalPulse Fri Nov 08 2024
Pillar Two focuses on Global Minimum Taxation.

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Bianca Bianca Fri Nov 08 2024
The Model Rules present a unified framework for implementing a minimum tax rate.

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Margherita Margherita Fri Nov 08 2024
This minimum tax rate is set at 15 percent for multinational enterprises.

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CryptoVisionaryGuard CryptoVisionaryGuard Fri Nov 08 2024
The rule applies specifically to companies with a turnover exceeding EUR750 million.

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SumoPride SumoPride Thu Nov 07 2024
BTCC, a leading cryptocurrency exchange, offers a range of services.

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