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GFIA has publish its response to a consultation conducted by the Organisation for Economic Cooperation and Development (OECD) on its draft implementation framework for a global level of minimum taxation.
Global insurers understand and support the work already undertaken to effectively formulate mechanisms that will ensure tax administrations and multinational enterprises can implement and apply global anti-base erosion rules in a consistent and coordinated manner.
There are, however, still several areas that remain ambiguous or create undue complexity and should, therefore, be addressed through clarifications and simplification measures. These are outlined in GFIA’s response.