GFIA Global Federation of Insurance Associations

GFIA has sent comments and recommendations to the OECD on the administrative guidance on Pillar Two of the Global Anti-Base Erosion (GloBE) Rules that seek to ensure multinational pay more tax where they make their profits and pay a minimum corporate tax rate.

The comments and recommendations relate to the testing period for insurance investment entities, the tax transparency election for life and health insurers, excluded entities and the definition of insurance reserves.

GFIA also asks for clarifications on several issues related to the definition of investment funds.