According to recent comments from OECD Secretary-General Mathias Cormann, work to finalize the model rules and multilateral convention for Pillar 1 of the two-pillar solution for global tax reform is taking longer than expected and will likely not be finalized until the end of 2022. As such, the initial implementation of the Pillar 1 profit allocation and nexus rules starting in 2023 will likely be delayed to 2024. The comments were made by Secretary-General Cormann while speaking at an event organized by the World Economic Forum on 24 May 2022. The work on the Pillar 2 global minimum tax, however,...