John Peterson

Head of Unit at OECD. Responsible for the OECD's work on the GloBE proposal.

[John Peterson @johnpkiwi]

Raising interesting questions about the law of property...

[Dad Jokes @Dadsaysjokes]

I was at a job interview when the manager handed me a laptop and said: “I want you to try to sell this to me."

So l put it under my arm, left the building and went home.

Eventually, he called me and said: “Bring my laptop back now."

I said: "$200 and it's yours."

[Alex Parker @AlexParkerDC]

Good thread, interesting stuff. (I have no idea how accurate.) https://t.co/4IvfzOJeJP

[Manal Corwin @ManalCorwin]

Jurisdictions continue to counter harmful tax practices through the implementation of the international standard under #BEPS Action 5.

🗞️ See the latest results on preferential tax regimes & substantial activities in no or only nominal tax jurisdictions ➡️https://t.co/CgScTKgV8X

[Itai Grinberg @ItaiGrinberg]

Global minimum tax: Lex comment in the FT. https://t.co/jt5Pu9oAcL via @ft

[Mathias Cormann @MathiasCormann]

New findings from our latest Corporate Tax Statistics report and an accompanying working paper released today underline the need for the global minimum tax, which will help mobilise domestic resources.

➡️ https://t.co/mPCjApX4uT

#CorpTaxStats

[Patrick Driessen @pdriessentax]

This is really good and helpful OECD paper.

A take on punchline:
36.1% of all profits are low-taxed (defined as <15%) regardless of reporting location (Fig. 16), and 21.4% of all profits are generated in locations that have average ETRs <15% (Fig. 15).

https://t.co/CUanHfh3tl

[John Peterson @johnpkiwi]

@hselftax Ow! Heather that looks painful. Hope you improve quickly.

[John Peterson @johnpkiwi]

@OECDtax While GMT provides an important opportunity for developing countries, it is equally important how they choose to act on this opportunity. Today the IF has produced an Implementation Handbook for government officials to use to determine what implementation actions they should take

[OECD Tax @OECDtax]

[OUT NOW] 🆕 Minimum Tax Implementation Handbook provides an overview of the key provisions and considerations for tax policy and administration officials, as well as other stakeholders, in implementing the Pillar Two Model Rules.

📘 https://t.co/SGGPLb6OTr

#OECDP2

[OECD Tax @OECDtax]

[OUT NOW] The multilateral instrument implementing Pillar Two’s Subject to Tax Rule – together with its Explanatory Statement – has been released and is now open for signature.

🗞️ Read more ➡️ https://t.co/0ekUDl1zQ5

#STTRMLI

[Adrian Edmondson ❎ @AdrianEdmondson]

I don’t think enough people have seen this. It’s Kurt Vonnegut talking to his wife about going out to get an envelope (we’re here on earth to fart around):

[TP News (Transfer Pricing News) @tpnewz]

South Korea has published draft 2023 Tax Law Amendment Bill, noting that the UTPR rules would apply from January 1, 2025 https://t.co/pYm6vrmOjA

[Mathias Cormann @MathiasCormann]

My latest update to @g20org Finance Ministers and Central Bank Governors, meeting in Bengaluru, which sets out the progress so far on the two-pillar international tax reform package, tax transparency and the first meeting of the #IFCMA. #G20India #G20

🗞 https://t.co/ehZYb59gUs

[John Peterson @johnpkiwi]

Thanks to Sonia, Carrie and the rest of the communications team , we have now released the public comments we received on the GloBE Information Return (GIR) and tax certainty. Submitters are unanimously in calling for a simple GIR…https://t.co/DS507vNphU https://t.co/G9vhihxYxa

[John Peterson @johnpkiwi]

New IMF paper suggests that "an additional positive revenue impact from P2 could come from reduced competition over corporate tax rates, which could boost global CIT revenues by an extra 8.1 percent." https://t.co/8S8PpPqIwt

[John Peterson @johnpkiwi]

A significant package of guidance released today on the operation of the GloBE Rules, which will shape the co-ordinated approach to implementing and applying the Global Minimum Tax.

https://t.co/8U6ohEkDXu

[John Peterson @johnpkiwi]

It didn't arrive in time for Christmas but we now have agreed and released a package of further guidance on the GloBE rules covering a number of important topics of significant interest including the treatment of GILTI taxes and gu…https://t.co/3GS1OAlCoQ https://t.co/8U6ohEk67W

[John Peterson @johnpkiwi]

GloBE is expected to result in USD 220 billion, or 9% of global corporate income tax revenues. This is a significant increase over the OECD’s previous estimate of USD 150 billion in additional annual tax revenues attributed to the minimum tax component of Pillar Two.

[OECD Tax @OECDtax]

[OUT NOW] Revenue impact of international tax reform better than expected: the two-pillar solution will lead to additional taxing rights for market jurisdictions and put a floor on tax competition, with revenue gains higher than previously expected.

🗞️➡️ https://t.co/7C2HJ1l1zc

[John Peterson @johnpkiwi]

Good news that Manal has agreed to take on this role.

[OECD Tax @OECDtax]

The #OECD Centre for #Tax Policy and Administration warmly welcomes the appointment of Manal Corwin as its new Director starting 3 April 2023.

➡️ https://t.co/xzNZIwqYNp

#ManalCorwin

[David Bradbury @DBradbury1021]

Join us for our latest economic impact analysis of the international tax agreement, which includes the global minimum effective tax