Pillar two and African countries what should their response be? Afton Titus
By: Titus, Afton
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Material type: 
ArticleSubject(s): SEGUNDO PILAR (OCDE) | EMPRESAS MULTINACIONALES | IMPUESTOS | TIPO MÍNIMO GLOBAL | RECAUDACION | APLICACION | ÁFRICA
In:
Intertax v. 50, n. 10, October 2022, p. 711-720Summary: As the OECD’s efforts to implement Pillar Two become more concrete, it becomes more important to understand the implications of this instrument for African developing countries. This article considers the possible responses available to a grouping of African countries in a bid to ensure that their corporate income tax policies are not undermined. In doing so, this article analyses the feasibility of these countries imposing a domestic minimum tax, adapting their tax incentives to non-tax incentives and whether African countries should support the proposal for a United Nations international tax forum. The author argues that it may be feasible for African countries to introduce a targeted domestic minimum tax that would apply to in-scope multinational enterprises (MNEs). Moreover, it may be possible for African countries to adapt their tax incentives to non-tax subsidies although this would involve some costs. According to the author, the Pillar Two has far-reaching implications for developing countries and it is important that African countries consider adopting regional responses to it.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Artículos | IEF | IEF | OP 2141/2022/10-4 (Browse shelf) | Available | OP 2141/2022/10-4 |
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| No cover image available | No cover image available | No cover image available | No cover image available | No cover image available | No cover image available | No cover image available | ||
| OP 2141/2022/10-1 Pillar two under analysis | OP 2141/2022/10-2 Designing domestic minimum taxes in response to the Global Minimum Tax | OP 2141/2022/10-3 Revenue effects of the Global Minimum Tax under Pillar two | OP 2141/2022/10-4 Pillar two and African countries | OP 2141/2022/10-5 Addressing base erosion and profit shifting | OP 2141/2022/10-6 Right to a reasonable time during tax audits in Turkey | OP 2141/2022/10-7 Thirty years of fiscal (in)coherence |
Resumen.
Apéndice.
As the OECD’s efforts to implement Pillar Two become more concrete, it becomes more important to understand the implications of this instrument for African developing countries. This article considers the possible responses available to a grouping of African countries in a bid to ensure that their corporate income tax policies are not undermined. In doing so, this article analyses the feasibility of these countries imposing a domestic minimum tax, adapting their tax incentives to non-tax incentives and whether African countries should support the proposal for a United Nations international tax forum. The author argues that it may be feasible for African countries to introduce a targeted domestic minimum tax that would apply to in-scope multinational enterprises (MNEs). Moreover, it may be possible for African countries to adapt their tax incentives to non-tax subsidies although this would involve some costs. According to the author, the Pillar Two has far-reaching implications for developing countries and it is important that African countries consider adopting regional responses to it.
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