The U.S. Congressional Research Services (CRS) has published an in focus report dated 12 July 2021 on International Tax Proposals Addressing Profit Shifting: Pillars 1 and 2, providing an overview from a U.S. perspective on the agreement recently reached by finance ministers at the level of the G7 and the G20, as well as initial conclusions on the legislative and tax treaty changes needed for implementation. --- International Tax Proposals Addressing Profit Shifting: Pillars 1 and 2 On June 5, 2021, finance ministers of the G7 countries, including the United States, agreed in a communiqué to two proposals addressing global...