04 Jan 2021
Tax and Finance
OECD Global Anti-Base Erosion (‘GloBE’) Report on the Pillar Two Blueprint
What: The OECD are consulting on a minimum level of tax on profits, as part of their BEPS initiative.
Our view: We welcome the OECD’s acknowledgement of the importance of protecting tax neutrality for investment funds – but the ‘excluded entities’ list should include a broader list of entities, including REITs.