| (EU) AIFMD | European Union Alternative Investment Fund Managers Directive |
| BEAT | Base Erosion and Anti-abuse Tax |
| BEPS | Base Erosion and Profit Shifting |
| BIAC | Business at OECD |
| CbC | Country-by-Country |
| CbCR | Country-by-Country Reporting |
| CFC | Controlled foreign company |
| GAAP | General accepted accounting principles |
| G20 | Group of Twenty |
| GILTI | Global Intangible Low-Taxed Income |
| ETR | Effective tax rate |
| EU | European Union |
| GloBE | Global Anti-Base Erosion |
| IFRS | International Financial Reporting Standards |
| IIR | Income Inclusion Rule |
| IMF | International Monetary Fund |
| JVs | Joint Ventures |
| MNE | Multinational Enterprise |
| NFE | Non-Financial Entity |
| PE | Permanent Establishment |
| PoW | Programme of Work |
| OCI | Other Comprehensive Income |
| OECD | Organization for Economic Co-operation and Development |
| ORIP | Offshore receipts of intangible property |
| TFDE | Task Force on the Digital Economy |
| R&D | Research and Development |
| SME | Small and Medium enterprises |
| SOR | Switch-Over Rule |
| STTR | Subject to Tax Rule |
| UN | United Nations |
| UPE | Ultimate Parent Entity |
| UTPR | Undertaxed Payments Rule |
| US | United States |
| WB | World Bank |
| WHT | Withholding tax |
Tax Challenges Arising from Digitalisation – Report on Pillar Two Blueprint
Inclusive Framework on BEPS
