OECD and Pillar 2 one-pager

The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental organization established in 1961 to promote policies that improve economic and social well-being globally. With the G20, the OECD launched the Base Erosion and Profit Shifting (BEPS) initiative in 2013 to combat tax avoidance by multinational corporations (MNCs) and ensure profits are taxed where economic activities occur. As part of the BEPS 2.0 project, the OECD developed a two-pillar approach to reform the international tax system, Pillar 1 and