Experts at Freshfields Bruckhaus Deringer examine the OECD's pillar two proposals which could have a fundamental impact on the way all multinationals are taxed.
The story so far
In January 2019 the Inclusive Framework issued a policy note on Addressing the tax challenges of the digitalisation of the economy under which they proposed that the issues should be addressed under two pillars. Pillar one looks to a new allocation of taxing rights through new nexus and profit allocation rules and the OECD consultation on this was published on 9 October 2019 together with an OECD Secretariat proposal for a unified approach (as to which see our previous article). The period for comments on this closed on 12 November with a public consultation to be held on 21 and 22 November so there may well be more on this soon.
Pillar two also known as the...
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Experts at Freshfields Bruckhaus Deringer examine the OECD's pillar two proposals which could have a fundamental impact on the way all multinationals are taxed.
The story so far
In January 2019 the Inclusive Framework issued a policy note on Addressing the tax challenges of the digitalisation of the economy under which they proposed that the issues should be addressed under two pillars. Pillar one looks to a new allocation of taxing rights through new nexus and profit allocation rules and the OECD consultation on this was published on 9 October 2019 together with an OECD Secretariat proposal for a unified approach (as to which see our previous article). The period for comments on this closed on 12 November with a public consultation to be held on 21 and 22 November so there may well be more on this soon.
Pillar two also known as the...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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