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.



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Briefing paper

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