Reigniting Pillars 1 & 2: Prospects for reform conference mentioned in MNE Tax

Global minimum tax agreement will require substance-based carve-out, Saint-Amans says

Speaking virtually at a May 5 event held by the Oxford University Centre for Business Taxation, Saint-Amans said, “At the global level, I think it's not realistic to think that we could move ahead without some form of carve-out, which would recognize the activities, the substance.”