imported>Doug Williamson: Add link.

2022-12-07T11:05:48Z

Add link.

← Older revision		Revision as of 11:05, 7 December 2022
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	* [[Effective tax rate]] (ETR)		* [[Effective tax rate]] (ETR)
	* [[Global Anti-Base Erosion Rules]] (GloBE)		* [[Global Anti-Base Erosion Rules]] (GloBE)
			* [[Global minimum corporate tax rate]]
	* [[Income Inclusion Rule]] (IIR)		* [[Income Inclusion Rule]] (IIR)
	* [[Income Tax]]		* [[Income Tax]]

imported>Doug Williamson: Remove surplus link.

2022-12-04T21:28:15Z

Remove surplus link.

← Older revision		Revision as of 21:28, 4 December 2022
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	* [[Base erosion and profit shifting]] (BEPS)		* [[Base erosion and profit shifting]] (BEPS)
	* [[Corporation Tax]]		* [[Corporation Tax]]
	* [[Domestic Minimum Tax]]
	* [[Effective tax rate]] (ETR)		* [[Effective tax rate]] (ETR)
	* [[Global Anti-Base Erosion Rules]] (GloBE)		* [[Global Anti-Base Erosion Rules]] (GloBE)

imported>Doug Williamson: Mend link.

2022-12-03T21:52:43Z

Mend link.

← Older revision		Revision as of 21:52, 3 December 2022
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	* [[Tax haven]]		* [[Tax haven]]
	* [[Tax rate]]		* [[Tax rate]]
	* [[Top-up ~~tax~~]]		* [[Top-up Tax]]
	* [[Transfer pricing]]		* [[Transfer pricing]]

imported>Doug Williamson: Create page. Sources: Linked pages and The Treasurer - 2022 Issue 4 - December 2022 - p40.

2022-12-03T21:46:04Z

Create page. Sources: Linked pages and The Treasurer - 2022 Issue 4 - December 2022 - p40.

New page

''Tax - profit shifting - Global Minimum Tax - Organisation for Economic Co-operation and Development (OECD) - Pillar 2.''

(UTPR).

The Undertaxed Payments Rule - in conjunction with the Income Inclusion Rule (IIR) - ensures that large multinational entities are subject to a global minimum tax rate.

The tax jurisdictions of subsidiary companies in the group collect top-up tax in relation to low-taxed foreign companies in the group where the tax is not paid under the IIR in the tax jurisdiction of the parent company.

:<span style="color:#4B0082">'''''Two interlocking rules'''''</span>

:"The [Pillar 2] provisions are made up of the following two interlocking rules:

:• Income Inclusion Rule (IIR): this is the primary calculation mechanism. The ultimate parent territory collects the top-up tax associated with foreign subsidiaries with an effective tax rate (ETR) below 15%.

:• Undertaxed Payments Rule (UTPR): subsidiary territories collect the top-up tax in respect of a low-taxed overseas sister or parent company, where it is not captured by a parent territory IIR."

:''Graham Robinson, international tax and treasury partner PwC & Iain McDonald international tax and treasury director PwC - The Treasurer, Issue 4 2022 - December 2022, p40.''

== See also ==

* [[Base erosion and profit shifting]] (BEPS)
* [[Corporation Tax]]
* [[Domestic Minimum Tax]]
* [[Effective tax rate]] (ETR)
* [[Global Anti-Base Erosion Rules]] (GloBE)
* [[Income Inclusion Rule]] (IIR)
* [[Income Tax]]
* [[Multinational corporation/company]]
* [[Nexus rule]]
* [[Organisation for Economic Co-operation and Development]] (OECD)
* [[Parent company]]
* [[Pillar 1]]
* [[Pillar 2]]
* [[Profit shifting]]
* [[Regime]]
* [[Sister company]]
* [[Subject To Tax Rule]]
* [[Tax ]]
* [[Tax avoidance]]
* [[Tax compliance]]
* [[Tax evasion]]
* [[Tax haven]]
* [[Tax rate]]
* [[Top-up tax]]
* [[Transfer pricing]]

==External links==
*[https://www.oecd.org/tax/beps/tax-challenges-arising-from-the-digitalisation-of-the-economy-global-anti-base-erosion-model-rules-pillar-two.htm OECD - Tax Challenges Arising from the Digitalisation of the Economy – Global Anti-Base Erosion Model Rules (Pillar Two) - Commentary]
*[https://www.oecd.org/tax/beps/pillar-two-model-rules-in-a-nutshell.pdf Pillar Two rules in a nutshell - OECD]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]

Undertaxed Payments Rule - Revision history

imported>Doug Williamson: Add link.

imported>Doug Williamson: Remove surplus link.

imported>Doug Williamson: Mend link.

imported>Doug Williamson: Create page. Sources: Linked pages and The Treasurer - 2022 Issue 4 - December 2022 - p40.