Mentor’s comment-
- https://www.financialexpress.
com/opinion/globe-rules- making-a-start/2400251/ - In the intro, mention model rules released by OECD.
- In the body, mention two pillars of the rules, how it will help in bringing the common principles at the domestic-law and treaty levels to tax income of specified business. In the challenges mention an ambitious timeline, willingness on part of the US lawmakers to embrace a modified GILTI (Global Intangible Low Taxed Income).
- Conclude by mentioning that this may not be a complete solution to the challenge of taxing digital companies, it establishes a floor for competition among nations on tax rates
