![oxfam-briefing-report.png](https://webassets.oxfamamerica.org/media/images/oxfam-briefing-report_fOstuZv.2e16d0ba.fill-320x414-c100.png)
The effect of the OECD’s Pillar 1 proposal on developing countries
In October last year 136 nations reached a high-level agreement to reform the way the taxable profits of multinational corporations are distributed among countries. These countries are expected to sign a legal agreement later this year. Astoundingly, no impact assessment was published for one of the two pillars of this agreement. Using publicly available data and a methodology developed by the consultancy Oxford Economics, Oxfam estimates the agreement’s impact on the tax revenue of 49 low and middle-income countries.