Tax Policy

Timely perspectives on the latest tax developments globally

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A global view on tax policy


With tax policy developments around the world quickly evolving, multinational organizations need to take a global view of the implications for their businesses, while also keeping an eye on specific jurisdictional considerations that may have an impact.

KPMG’s Tax Policy Leadership Group includes leading thinkers from around the world who convene weekly to discuss the latest issues in tax policy. The group engages with countries and jurisdictions across the organization and in the external market, and regularly publishes perspectives on new developments and the potential impacts and key considerations for multinational organizations.

Explore this page to view KPMG professionals’ responses to the latest OECD developments, as well as insights into the latest tax policy developments taking place around the world.

Latest updates:

15 January 2025

OECD Release of Administrative Guidance outlining an extension of the limitation of the use of deferred tax assets under the transitional rules (Article 9.1)opens in a new tab

On January 15, 2025, the Inclusive Framework (IF) on BEPS released a fifth tranche of Administrative Guidance (AG5) on a specific provision dealing with the use of deferred tax assets under the GloBE transitional rules. Other material concerning the GloBE Information Return, the qualification process and exchange of information were also released. This brief focuses on the guidance on deferred tax assets under Article 9.1.

Release of compilation of qualified legislation and information filing and exchange tools for GloBERules (Pillar Two)opens in a new tab

On January 15, 2025, the Inclusive Framework on BEPS (“IF”) released a series of documents (running to approximately 330 pages) on the application of the Global Anti-Base Erosion (“GloBE”) Rules. The primary focus is compliance and reporting obligations, though there was also some limited additional Administrative Guidance (“AG”) that amends certain aspects of the Commentary to the GloBE Model Rules.


17 June 2024


On 17 June 2024, the OECD released the fourth tranche of Administrative Guidance. This covers deferred tax liability recaptures, divergences between GloBE ad accounting carrying values, allocation of Cross-border Current Taxes, Allocation of Cross-border Deferred Taxes, Allocation of profits and taxes in structures including Flow-through Entities and Treatment of Securitisation Vehicles. 

Agreed Administrative Guidance on the GloBE Model Rules (Pillar Two)opens in a new tab

The OECD’s fourth tranche of Administrative Guidance on the Global Anti-Base Erosion (“GloBE”) Model Rules (“June 24 AG”).


View KPMG professionals’ responses to the latest tax policy developments
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Observations on Amount Bopens in a new tab

Summarizing the 19 February 2024 OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting release on Amount B.
 

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Agreed Administrative Guidance on the GloBE Model Rules opens in a new tab

Summarizing the 18 December 2023 Inclusive Framework release of Administrative Guidance on the GloBE Rules.

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OECD releases substantial documents on Amount A of Pillar 1opens in a new tab

Summarizing the latest OECD releases on Amount A of Pillar 1 from 11 October 2023

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The future of Pillar One – October 2023opens in a new tab

Review of the recent OECD/G20 BEPS Inclusive Framework release. 

 


Grant Wardell-Johnson, Global Tax Policy Leader, KPMG International and Michael Lennard, Chief of the International Tax Corporation Unit of the Financing for Sustainable Development Office, United Nations, discuss the most important developments in international tax rules.


Insights: Tax policy

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