BPF Response: OECD ‘GloBE Pillar Two’ proposals

We responded to the OECD’s ‘GloBE Pillar Two’ consultation, which proposes to enable countries to tax profits where they have otherwise been taxed below a ‘minimum rate’. Our response highlights the need for a tailored approach for real estate investment structures, such as REITs, given their unique tax characteristics. We also stressed the importance of tax neutrality, allowing people to invest directly or collectively with similar tax outcomes