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March 7, 2024, 8:10 AM HST


JCT REPORT: BACKGROUND, ANALYSIS OF TAXATION OF MNES, POTENTIAL REALLOCATION OF
TAXING RIGHTS UNDER THE OECD’S PILLAR ONE




Legal and economic background described relating to the taxation of income
earned by multinational enterprises and the potential economic and revenue
effects of Pillar One Amount A, the Joint Committee on Taxation released. Part I
includes an overview of select issues of U.S. taxation of cross-border activity.
Part II describes international efforts (lead in part by the OECD at the
direction of the G-20) to agree on a new means of allocating certain income of
multinational enterprises and to coordinate the implementation of a global
minimum tax. Part III provides an analysis of recent economic literature that
discuss the implications ...


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