BEPS Pillar 2: What now in ASEAN and what's next for the Philippines

Mon, 27 Jan 2025 10:21:04 +0000

Digitalization in the 21st century brought with it several challenges to the rules for taxing international business income, which gave rise to base erosion and profit shifting (BEPS), in which multinational entities (MNEs) shift profits to locations with minimal or no tax to pay a reduced amount of taxes globally.