The Guernsey government issued a release on 12 April 2022 to provide an update on the OECD's two pillar solution for international tax reform and Guernsey's plans for implementing the measures. --- Update on international corporate tax framework development Tuesday 12 April 2022 The OECD has been working on a global solution to reform the international corporate tax framework, which will affect how large multinational enterprises are taxed around the world. That framework is based on two broad work streams: Pillar 1 is essentially a proposal for partial re-allocation of taxing rights and Pillar 2 proposes that large multinational enterprises...