Question

should pillar 2 (global minimum tax) from OECD be taxed territorial, worldwide, neither, or both?

Answer 1

OECD countries sing about the adoption of the global minimum corporate income tax for multinationals as part of pillar 2 proposals in the economy. Taxation for the digital economy was number one on the OECD's Basic List. But due to the complexity of it, it was changed.

Pillar-2 is the latest proposal from the OECD - in which the Globe proposes two taxes on profits of multinational enterprise. 1-Global Minimum Tax on Core Corporate Profit and 2- Basic Tax Payment Tax .OEDC and G20 countries need to enforce these taxes
The detailed outline of Pillar -2 is due out in 2019. The work program begins by stating that each jurisdiction is free to choose its own tax system and rates, while other jurisdictions have the right to apply additional tax laws. They have been ratified by the Member States of the Inclusive Frame work.

Pillar -2 was created due to the limitation of Pillar-1. Pillar-2 is expected to generate more tax revenue than Pillar-1. Global corporate tax revenues are expected to grow by approximately 3.5%. It is thought that one-third of the extra revenue will come from lower profits.