The OECD has published a statement from the Secretary-General on the G7 Statement on a side-by-side arrangement that exempts U.S. Parented Groups from the Pillar 2 Income Inclusion Rule (IIR) and Undertaxed Profits Rule (UTPR)

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Statement by the OECD Secretary-General on G7 Progress on International Tax Co-operation

I warmly welcome today's breakthrough statement by the G7, setting out a…