Ross Robertson and Robert O’Hare (BDO) report on the progress with international tax reform, including a recent breakthrough on Pillar Two.
Addressing the tax challenges arising from the digitalisation of the economy has continued to dominate international tax reform during 2022 but new challenges including an internationally mobile workforce climate change a new geoeconomics and renewed post-Covid international tax competition are emerging.
Tax challenges of digitalisation
Following formal agreement in October 2021 on a two-pillar solution the OECD/G20 Inclusive Framework on BEPS (the OECD/G20 IF) turned its attention to the tricky task of implementation. There has been some progress but it has been slow and difficult and problems abound. The departure of Pascal Saint-Amans as director of the OECD Centre for Tax Policy and Administration will deny the pillars project its driving force in the coming critical months.
Pillar...
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Ross Robertson and Robert O’Hare (BDO) report on the progress with international tax reform, including a recent breakthrough on Pillar Two.
Addressing the tax challenges arising from the digitalisation of the economy has continued to dominate international tax reform during 2022 but new challenges including an internationally mobile workforce climate change a new geoeconomics and renewed post-Covid international tax competition are emerging.
Tax challenges of digitalisation
Following formal agreement in October 2021 on a two-pillar solution the OECD/G20 Inclusive Framework on BEPS (the OECD/G20 IF) turned its attention to the tricky task of implementation. There has been some progress but it has been slow and difficult and problems abound. The departure of Pascal Saint-Amans as director of the OECD Centre for Tax Policy and Administration will deny the pillars project its driving force in the coming critical months.
Pillar...
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