How ESR and pillar two are converging across the GCC
Hany Elnaggar examines how the region's legacy economic substance regimes and the OECD's pillar two framework are converging on the same underlying.
Why this matters: tax rules rarely change in isolation. A shift in residence, reporting, domicile, gains, or inheritance treatment can affect where it makes sense to live, realise gains, hold assets, or document advice.
Who should pay attention: founders, expats, investors, and families with tax exposure in more than one country.
Practical implication: treat this as a signal to check the facts before a move, liquidity event, banking change, investment decision, or family-wealth update.
Caveat: this is attributed news context from International Tax Review - Direct Tax and Wealth Nomad editorial commentary, not personal tax, legal, investment, immigration, or financial advice.
Source: International Tax Review - Direct Tax
