Venkataraman Ganesan’s Post

In this paper, Professor Wei Cui proposes a novel conceptual framework for predicting and interpreting the course of Pillar Two’s global adoption. The author analyses self-interested incentives for adopting Pillar Two on the part of governments aiming to maximize national income. The analysis strives to demonstrate that there is nothing inevitable about Pillar Two adoption. It argues that nations from where MNEs originate will likely suffer deep losses, and most will be better off pulling out of Pillar Two. Pillar Two’s enforcement mechanisms lack effectiveness; accounts of their purported clever design are plagued by logical inconsistencies. The piece concludes with a bold assertion that "whatever sense of novelty in institutional design Pillar Two introduces, it is sustained only by a refusal to consider fundamental normative questions about consistency with international law." Document Courtesy: SSRN This document may be accessed at: https://lnkd.in/gvCbdp9X The University of British Columbia; Peter A. Allard School of Law at UBC; Reuven Avi-Yonah; Nigar Hashimzade; Daniel Hemel; Michael Keen; Peter Merrill; Noam Noked; Daniel Shaviro; Heydon Wardell-Burrus

Claire H, ACA

International Tax Assistant Manager at Deloitte Malta

9mo

Thank you for sharing!

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