The ‘Pillar Two’ Global Minimum Tax

Edited by Werner Haslehner, ATOZ Chair for European and International Tax Law, University of Luxembourg, Luxembourg, Georg Kofler, Professor of International Tax Law, Institute for Austrian and International Tax Law, Vienna University of Economics and Business, Austria, Katerina Pantazatou, Associate Professor of Tax Law, University of Luxembourg, Luxembourg and Alexander Rust, Professor of Tax Law, Institute for Austrian and International Tax Law, Vienna University of Economics and Business, Austria

Contents

1 Formative politics and policies of Pillar Two 1
Richard Collier and John Vella
2 The economics and impact of Pillar Two 28
Giuseppe Pulina and Skerdilajda Zanaj
3 The business perspective on the Pillar Two global minimum tax 47
Ulrike Schramm and Arne Dettling
4 The perceived (un)fairness of the global minimum corporate tax rate 58
Rita de la Feria
5 The scope of Pillar Two 84
Cécile Brokelind
6 Computation of GloBE income or loss 104
Nupur Jalan
7 Computation of the effective tax rate and the ‘top-up tax’ 135
Valentin Bendlinger and Georg Kofler
8 The income inclusion rule and the undertaxed profits rule 205
Alexia Kardachaki and Sjoerd Douma
9 A simplification safe harbour for Pillar Two 242
Cedric Döllefeld, Joachim Englisch, Simon Harst, Deborah Schanz and Feli Siegel
10 Tax neutrality regimes and GloBE 260
Leopoldo Parada
11 The Pillar Two top-up taxes and tax treaties 282
Ana Paula Dourado
12 Pillar Two and EU law 304
Katerina Pantazatou