Recently, the term ‘two-pillar solution/two-pillar package’ often seen in the news, refers to
[amp_mcq option1=”Global energy security in near future” option2=”International cyber crime reporting” option3=”Minimum global corporate tax” option4=”Prevention of international money laundering” correct=”option3″]
This question was previously asked in
UPSC CDS-1 – 2022
– Pillar Two introduces a global minimum corporate tax rate, primarily set at 15%, to ensure that MNEs pay a minimum level of tax on their profits, regardless of where they are headquartered or operate.
– It seeks to prevent tax base erosion and profit shifting by MNEs and reduce tax competition among countries.