[ad_1]

<p>Public consultation opened today on whether and how New Zealand should participate in an OECD/G20 tax measure aimed at base erosion and profit shifting by large multinational enterprises. Also known as the GloBE rules, the measure would impose a minimum 15% tax on the excess income of multinational enterprises in every country in which they operate. Excess income is income in excess of a routine return on tangible investment and employee costs.</p>
<p>An officials' issues paper, <em><a href="/publications/2022/2022-ip-oecd-pillar-two"><strong>OECD Pillar Two: GloBE rules for New Zealand</strong></a></em>, discusses the rules and areas officials would like feedback on.</p>
<p>The closing date for submissions is <strong>1 July 2022</strong>.</p>

[ad_2]

Source link