BEPS Pillar 2: What now in ASEAN and what's next for the Philippines

Show Business and Finance Publications

Tue, January 28, 2025

[ Tue, Jan 28th ]: AOL

1 Hard Truth Investors in eVTOL Stocks Joby and Archer Aviation Can't Ignore

[ Tue, Jan 28th ]: rnz

Christopher Luxon hints National will campaign on asset sales in the 2026 election

[ Tue, Jan 28th ]: Kiplinger

How Much Fun Is Too Much Fun When You're in the Office?

[ Tue, Jan 28th ]: Reuters

Bank of England appoints Andrea Enria to Prudential Regulation Committee

[ Tue, Jan 28th ]: cnbctv18

What is a private credit transaction? Know types and eligibility criteria

[ Tue, Jan 28th ]: Reuters

Exclusive: HSBC to wind down M&A and ECM capabilities in Europe, UK & Americas, memo shows

[ Tue, Jan 28th ]: cnbctv18

Budget 2025 expectations LIVE updates: Bank of Ba .. Economist expects focus on deficit, capex & MSMEs

[ Tue, Jan 28th ]: MSN

EXCLUSIVE: Circ Launches 'Fiber Club' With Bestseller, Eileen Fisher and Everlane

[ Tue, Jan 28th ]: Firstpost

Reconciling growth and sustainability: What Union Budget 2025 must deliver

[ Tue, Jan 28th ]: Reuters

European banks may find it tough to repeat strong end-of-year performance

[ Tue, Jan 28th ]: MSN

Market slump may offer buying opportunities in quality stocks: Deven Choksey

[ Tue, Jan 28th ]: MSN

IIFL Finance shares plunged 9% today; here's why

Mon, January 27, 2025

[ Mon, Jan 27th ]: Forbes

Biden's Policy Lead On Crypto Responds To Trump's New Executive Order

[ Mon, Jan 27th ]: legit

Billionaire financier Bessent confirmed as Trump's treasury chief

[ Mon, Jan 27th ]: Investopedia

7 Unexpected Ways AI Can Transform Your Investment Strategy

[ Mon, Jan 27th ]: AOL

Best Stock to Buy Right Now: Altria vs. Costco

[ Mon, Jan 27th ]: Investopedia

Level Up Your Investing Strategy: 7 Smart Ways To Transform Your Approach

[ Mon, Jan 27th ]: AOL

What happens to your investment account after you die?

[ Mon, Jan 27th ]: bnnbloomberg

MicroStrategy Buys More Bitcoin While Adding Capital Raising Tools

[ Mon, Jan 27th ]: Tuko

DeepSeek: China's New Open Source AI Sends Shockwaves Across US Stock Market

[ Mon, Jan 27th ]: Oneindia

Sitharaman's Budget Day Sarees: A Look At Finance Minister's Choice Of Sarees Through The Years

[ Mon, Jan 27th ]: cnbctv18

RBI governor urges banks' chiefs to address rising digital frauds

[ Mon, Jan 27th ]: Forbes

Cultivating The Next Generation Of Financial Serv .. s Professionals With Financial Literacy Education

[ Mon, Jan 27th ]: Businessworld

BEPS Pillar 2: What now in ASEAN and what's next for the Philippines

[ Mon, Jan 27th ]: AgWeb

It's Tax Time: Your Guide To Calculate Farm Income This Year

[ Mon, Jan 27th ]: Couriermail

Business Council of Australia demands fix to education standards, Yr 12 retention

[ Mon, Jan 27th ]: Newsweek

Donald Trump's Proposal To 'Clean Out' Gaza Opposed by Arab Nations

[ Mon, Jan 27th ]: Tuko

Safaricom Announces Several Jobs for Kenyans, How to Apply

[ Mon, Jan 27th ]: Kiplinger

The Four Key Pillars of Wealth Management of the Future

[ Mon, Jan 27th ]: AOL

TKer: The stock market has been on a headwind-defying run. Will it continue?

[ Mon, Jan 27th ]: inc42

Captain Fresh's IPO Playbook: Tapping Global B2B Opportunity, Acquisition Plans & B2C Ambitions

[ Mon, Jan 27th ]: Mint

IDFC First Bank Q3 results 2025 out. Should you buy IDFC First Bank shares?

[ Mon, Jan 27th ]: cnbctv18

Q3 Results Live Updates: Adani Wilmar profit doub .. YoY; Bajaj Housing shares slide ahead of results

[ Mon, Jan 27th ]: Reuters

Auditors get tougher guidelines on judging firms' environmental claims

[ Mon, Jan 27th ]: Reuters

Italy's Mediobanca, Monte dei Paschi extend losses after MPS surprise bid on merchant bank

[ Mon, Jan 27th ]: coloradopolitics

CO PO Calendar | Jan. 27-Feb. 2

[ Mon, Jan 27th ]: MSN

Dalio, Fink, Lagarde and more: Top CEOs and policymakers reveal what's next for markets

[ Mon, Jan 27th ]: Indiatimes

Jio Financial Services Share Price Live Updates: .. inancial Services Trading Below Key Support Level

[ Mon, Jan 27th ]: Couriermail

'Policy failure in one picture': Fish and chip shop selling grey market cigarettes, NDIS services

[ Mon, Jan 27th ]: MSN

Tariff threat raises concerns for Minnesota business of Colombian coffee

Sun, January 26, 2025

[ Sun, Jan 26th ]: Mint

Budget 2025 Expectations Live Updates: Companies .. rms, lower GST rates and capex allocation from FM

[ Sun, Jan 26th ]: Reuters

Bank of Singapore makes six new appointments in Dubai

[ Sun, Jan 26th ]: Investopedia

How to Submit a Complaint to the CFPB

[ Sun, Jan 26th ]: Mint

Motilal Oswal group evaluates sale of home finance arm

[ Sun, Jan 26th ]: MSN

No rosy prospects for Russia's IT sector in 2025

[ Sun, Jan 26th ]: bdnews24

Revenue earning should be logical, not forceful, says Advisor Salehuddin

[ Sun, Jan 26th ]: Oregonian

Liz Weston: Government pension offset changes to Social Security are coming, but will take time

[ Sun, Jan 26th ]: MSN

Dow Jones Futures: Meta, Tesla, Microsoft Earnings Due; DeepSeek Threatens Nvidia, AI Stocks

BEPS Pillar 2: What now in ASEAN and what's next for the Philippines

//business-finance.news-articles.net/content/202 .. n-asean-and-what-s-next-for-the-philippines.html

Published in Business and Finance on Monday, January 27th 2025 at 10:21 GMT by Businessworld
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Digitalization in the 21st century brought with it several challenges to the rules for taxing international business income, which gave rise to base erosion and profit shifting (BEPS), in which multinational entities (MNEs) shift profits to locations with minimal or no tax to pay a reduced amount of taxes globally.

125x125/3705 Bytes

The article from BusinessWorld discusses the implications of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) Pillar 2 for ASEAN countries, particularly focusing on the Philippines. BEPS Pillar 2 aims to ensure that multinational enterprises (MNEs) pay a minimum level of tax on their profits, introducing a global minimum tax rate of 15%. For ASEAN nations, this presents both challenges and opportunities. Countries like Singapore and Malaysia have already moved towards implementing these rules, while others like Indonesia and Vietnam are still in the process of aligning their tax systems. The Philippines, which has not yet committed to Pillar 2, faces the risk of losing tax revenue if it does not adopt these rules, as MNEs might shift profits to jurisdictions with lower tax rates. The article suggests that the Philippines needs to consider its strategic response, potentially involving legislative changes, to safeguard its tax base and remain competitive in attracting foreign investment. It also highlights the need for ASEAN countries to coordinate their tax policies to prevent tax competition that could undermine regional economic stability.

Read the Full BusinessWorld Article at:
[ https://www.bworldonline.com/economy/2025/01/27/649361/beps-pillar-2-what-now-in-asean-and-whats-next-for-the-philippines/ ]