{"id":85312,"date":"2025-06-01T03:12:03","date_gmt":"2025-06-01T03:12:03","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=85312"},"modified":"2025-06-01T03:12:03","modified_gmt":"2025-06-01T03:12:03","slug":"recently-the-term-two-pillar-solution-two-pillar-package-often-seen","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/recently-the-term-two-pillar-solution-two-pillar-package-often-seen\/","title":{"rendered":"Recently, the term \u2018two-pillar solution\/two-pillar package’ often seen"},"content":{"rendered":"

Recently, the term \u2018two-pillar solution\/two-pillar package’ often seen in the news, refers to<\/p>\n

[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″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC CDS-1 – 2022<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nThe term ‘two-pillar solution\/two-pillar package’ refers to the international agreement being negotiated under the OECD\/G20 framework to address tax challenges arising from the digitalization of the economy, specifically focusing on a global minimum corporate tax.
\n<\/section>\n
\n– Pillar One is about reallocating a portion of the profits of large multinational enterprises (MNEs) from their home countries to the market jurisdictions where their consumers are located, regardless of physical presence.
\n– 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.
\n<\/section>\n
\n– The aim of the two-pillar solution is to make the international corporate tax system fairer, more stable, and better suited to the modern globalized and digitalized economy.
\n– It seeks to prevent tax base erosion and profit shifting by MNEs and reduce tax competition among countries.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Recently, the term \u2018two-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 Download PDFAttempt Online The term ‘two-pillar solution\/two-pillar package’ refers to the … <\/p>\n

Detailed SolutionRecently, the term \u2018two-pillar solution\/two-pillar package’ often seen<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1087],"tags":[1108,1120,1196],"class_list":["post-85312","post","type-post","status-publish","format-standard","hentry","category-upsc-cds-1","tag-1108","tag-economic-development","tag-fiscal-policy-revenue","no-featured-image-padding"],"yoast_head":"\nRecently, the term \u2018two-pillar solution\/two-pillar package' often seen<\/title>\n<meta name=\"description\" content=\"The term 'two-pillar solution\/two-pillar package' refers to the international agreement being negotiated under the OECD\/G20 framework to address tax challenges arising from the digitalization of the economy, specifically focusing on a global minimum corporate tax. - Pillar One is about reallocating a portion of the profits of large multinational enterprises (MNEs) from their home countries to the market jurisdictions where their consumers are located, regardless of physical presence. - 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