A Guide to the OECD/G20’s Two-Pillar solution and the EU Pillar Two Directive

This short set of slides provides a guide to the two-pillar solution for global tax reform agreed by the OECD/G20 Inclusive Framework and announced on October 8, 2021 and the 2022 recent developments relating to the Two-Pillar solution.

They cover:

• Fundamental details of the two pillars that have now been confirmed, as well as gaps and details that remain unclear
• The 2022 OECD developments
• The EU Pillar Two Directive adopted on 14 December 2022
• Next steps towards implementation

We hope you find these slides helpful in understanding what has been agreed and the status of what remains, and invite you to contact your normal Cleary contact if you have any questions or issues you would like to discuss.

For other recent tax articles, please click here. For developments and resources on Tax Reform 2021 and 2022: U.S. and OECD/G20 Developments and Resources, please click here.