Under the auspices of CCAB-I, the Institute responded to the OECD Secretariat’s consultation on the Global Anti-Base Erosion (GloBE) Proposal under Pillar Two to taxing the digital economy. The observations of CCAB-I can be summarised as follows:

• We have concerns that the proposals will be a barrier to growth for businesses and economies.
• The impact of the 2015 BEPS initiatives should be allowed more time to ingrain into the Inclusive Framework jurisdictions before the international tax rules are re-written again.
• A global minimum tax rate would impede on a country’s sovereign right to set its own tax rates.

The response is published on here.