Pillar Two of the international tax reform, which aims to establish a minimum global tax rate of 15%, “risks creating a more complex and unfair international tax system”, said the business-oriented think-tank Tax Foundation Europe on Thursday 22 August.
According to the think-tank, this pillar is inadvertently fostering new, opaque and complex forms of competition, and policymakers should consider alternative approaches to creating a fairer international tax environment. It may not...