On 13 January 2025, the OECD held a technical webinar presenting the key elements of the "Side-by-Side" package, which charts the course forward for the coordinated operation of global minimum tax arrangements.
The OECD has released a replay of its recent webinar on the Side-by-Side arrangement for the Pillar 2 global minimum tax, which was agreed by the BEPS Inclusive Framework.
Held on 13 January 2025, the webinar presented key elements of the “Side-by-Side” package, which charts the course forward for the coordinated operation of global minimum tax arrangements.
Manal Corwin, Director of the OECD Centre for Tax Policy and Administration, alongside a team of OECD experts, presented the key elements of the agreed “Side-by-Side” arrangement, including simplification measures, as well as new and expanded safe harbours for multinational enterprises subject to a minimum level of taxation or benefitting from substance-based tax incentives.
A major political and technical agreement, the package sets the foundation for greater stability and certainty in the international tax system and reinforces the role of global co-operation in international tax matters. It will preserve the gains achieved so far in the global minimum tax framework and protect the ability for all jurisdictions, particularly developing countries, to have first taxing rights over income generated in their jurisdictions.
