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OECD Progress Report "Amount A of Pillar One"

Tax & Accounting
19 August 2022 | Policy Position
Tax & Accounting
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EFAMA welcomes the OECD's work on Schedule C: Exclusion of Revenues and profits from Regulated Financial Services from the scope of Pillar One, in particular the amendments to the definition of “Asset Manager", licensing asset management as a business, the level of regulaton and the activities list. 


The OECD/G20 Inclusive Framework strengthens the fundamentals of its earlier work with an agreement on high-level and principles-based exclusion rules that will work in practice with no adverse impact on the industry or the end-investor.



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