- 🌍 Multilateralism is key to fair global tax systems, @icrict.bsky.social's Tommaso Faccio said at #TaxMix2025. The #EU must support the #UNTaxConvention. 🚨Mar 19, 2025 02:25
- Pillar 1 was a step forward, but fell short—applying to too few companies and facing political hurdles, Tommaso Faccio, head of ICRIOCT's Secretariat. "For these reasons, the probability of Pillar 1 being implemented is zero."
- Pillar 2 has made progress with minimum taxation, but the issue of reallocating taxing rights remains unaddressed. With Pillar 1 unlikely to be implemented, the #UNTaxConvention cross-border services protocol is an opportunity to fairly redistribute taxing rights, @FaccioTommaso
