The Organization for EconomicCo-operation and Development (OECD) Inclusive Framework released the report on Pillar One’s Amount B1, marking a significant milestone in international tax reform efforts. This comprehensive document captures the collective feedback garnered from a broad spectrum of stakeholders during extensive consultations. The aim is to simplify tax compliance for businesses and enable tax authorities to dedicate more resources to complex issues, thereby improving the efficiency and effectiveness of tax administration globally.
