Cryptocurrency Q&A
What is the difference between Pillar 1 and Pillar 2 tax?
What is the difference between Pillar 1 and Pillar 2 tax?
Ilaria
Sun Nov 10 2024
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6 answers
1477
I would like to understand the distinction between Pillar 1 and Pillar 2 tax. Could you please explain the main differences between these two types of tax?
6 answers
emma_anderson_scientist
Mon Nov 11 2024
Pillar 1 of the tax reform initiative focuses specifically on establishing rules for the taxation of profits and rights.
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Dario
Mon Nov 11 2024
The aim here is to establish a minimum tax rate of 15% across the globe.
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CosmicDream
Mon Nov 11 2024
These rules come with a dedicated formula that serves to calculate the proportion of earnings taxable within each respective jurisdiction.
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ZenHarmony
Mon Nov 11 2024
This measure is intended to deter companies from shifting their profits to countries with lower tax rates through complex international trading structures.
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EnchantedSky
Mon Nov 11 2024
The formula takes into account various factors to ensure a fair and equitable distribution of taxable income.
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