Progress on BEPS 2.0, the EU’s public CBCR directive and plans for a new EU withholding tax system are among recent developments examined by Tim Sarson (KPMG).
Progress on BEPS 2.0
Tax was very much in the spotlight in October as previous holdouts Estonia Hungary and Ireland signed up to the principles of the OECD/G20’s BEPS 2.0 programme to address the tax challenges arising from the digitalisation of the economy. All OECD G20 and EU members (except for Cyprus which is not an Inclusive Framework (IF) member) have now joined the agreement paving the way for wide-spread adoption in all major economies. At the time of writing 136 OECD/G20 IF members in total had backed the two-pillar plan.
On 8 October 2021 these 136 member jurisdictions approved a new statement which updated a previous IF statement from July providing some additional...
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Progress on BEPS 2.0, the EU’s public CBCR directive and plans for a new EU withholding tax system are among recent developments examined by Tim Sarson (KPMG).
Progress on BEPS 2.0
Tax was very much in the spotlight in October as previous holdouts Estonia Hungary and Ireland signed up to the principles of the OECD/G20’s BEPS 2.0 programme to address the tax challenges arising from the digitalisation of the economy. All OECD G20 and EU members (except for Cyprus which is not an Inclusive Framework (IF) member) have now joined the agreement paving the way for wide-spread adoption in all major economies. At the time of writing 136 OECD/G20 IF members in total had backed the two-pillar plan.
On 8 October 2021 these 136 member jurisdictions approved a new statement which updated a previous IF statement from July providing some additional...
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:
