On 20 December 2021, the Inclusive Framework's BEPS 2.0 project released the Pillar Two GloBE model rules. Two days later, the European Commission published its draft Directive to implement these rules in the EU, presented its ATAD3 / UNSHELL initiative and proposed how EU-wide taxes could help fund the EU's budget. Meanwhile, on the other side of the Atlantic, the US is also considering significant tax reform.
These developments will reshape the global tax landscape and will have implications fo…