Pascal Saint-Amans, director of the OECD’s Centre for Tax Policy and Administration, has repeated concerns over the rise of unilateral measures taxing the digital economy and difficulty of reaching agreement on a multilateral solution, with the US’s recent suspension of talks on the OECD’s ‘pillar one’ proposals in advance of the US elections said to be the main obstacle.
‘It’s no mystery that the US president, Donald Trump, is not easy to deal with,’ he reportedly said at a recent public event Switzerland.
The G20/OECD inclusive framework on BEPS is due to meet on 8-9 October to discuss the proposals.
Meanwhile, the blueprint reports on pillars one and two, which have been circulated among governments, have been republished by Professor Allison Christians on her blog at bit.ly/2FqUjKs.
Commenting on the drafts, Mark Bevington, principal tax adviser at ADE Tax, said: ‘For all the talk of simplicity and certainty, pillar one looks somewhat like a move from one complex profit allocation method to another with what may well turn out to be a very similar overall outcome. To some, this process feels necessary either to end unilateral digital taxes or assuage electorates. Whether it gets a chance to achieve either still seems as uncertain as ever.’
Pascal Saint-Amans, director of the OECD’s Centre for Tax Policy and Administration, has repeated concerns over the rise of unilateral measures taxing the digital economy and difficulty of reaching agreement on a multilateral solution, with the US’s recent suspension of talks on the OECD’s ‘pillar one’ proposals in advance of the US elections said to be the main obstacle.
‘It’s no mystery that the US president, Donald Trump, is not easy to deal with,’ he reportedly said at a recent public event Switzerland.
The G20/OECD inclusive framework on BEPS is due to meet on 8-9 October to discuss the proposals.
Meanwhile, the blueprint reports on pillars one and two, which have been circulated among governments, have been republished by Professor Allison Christians on her blog at bit.ly/2FqUjKs.
Commenting on the drafts, Mark Bevington, principal tax adviser at ADE Tax, said: ‘For all the talk of simplicity and certainty, pillar one looks somewhat like a move from one complex profit allocation method to another with what may well turn out to be a very similar overall outcome. To some, this process feels necessary either to end unilateral digital taxes or assuage electorates. Whether it gets a chance to achieve either still seems as uncertain as ever.’
