The OECD has announced the release of the Multilateral Convention to Implement Amount A of Pillar One (MLC) for reallocation of taxing rights to market jurisdictions with respect to a share of the profits of the largest and most profitable multinational enterprises (MNEs) operating in their markets, regardless of their physical presence. The MLC also ensures the repeal and prevents the proliferation of digital services taxes and relevant similar measures, secures mechanisms to avoid double taxation, and enhances stability and certainty in the international tax system. Along with the MLC, the OECD has also released a Minimum Tax Implementation Handbook...