This course provides an overview discussion of the main principles associated with a corporate global minimum income tax from the perspective of the OECD's 'Pillar Two' minimum tax framework. The chapters in this basic course present an overview discussion of the main topics associated with the Pillar Two rules. These topics covered include a background discussion of the OECD's Base Erosion and Profit Shifting (BEPS) initiatives, the definition of covered taxes, GloBE income, basic Pillar Two principles, the income inclusion rule, the qualifying domestic minimum top-up tax, the undertaxed payments rule, the challenges presented by implementing legislation, the parameters of the transitional safe harbor, etc.

This basic level course is most beneficial to professionals new to international tax and the OECD Pillar Two Framework who may be at the staff or entry level in an organization. It could also be relevant for a seasoned professional with limited exposure to this topic but who needs to develop an awareness of the issues.