The OECD expects to unveil a solution in October 2020 on new
digital taxation rules, showing that jurisdictions are close to an agreement ‘despite
recent hiccups’, according to Pascal Saint-Amans, OECD deputy director for tax
administration.
As reported last week, the US recently pushed for a pause in
pillar one discussions while countries deal with the fallout from the
coronavirus pandemic, and many administrations are moving ahead with their own
unilateral digital services taxes, defying US opposition. Saint-Amans does not,
however, rule out finalising a deal by the end of 2020, and expects that there
may be more room for manoeuvre following the US presidential election in
November, with the winning party more easily able to commit to a position at
that point.
The OECD expects to unveil a solution in October 2020 on new
digital taxation rules, showing that jurisdictions are close to an agreement ‘despite
recent hiccups’, according to Pascal Saint-Amans, OECD deputy director for tax
administration.
As reported last week, the US recently pushed for a pause in
pillar one discussions while countries deal with the fallout from the
coronavirus pandemic, and many administrations are moving ahead with their own
unilateral digital services taxes, defying US opposition. Saint-Amans does not,
however, rule out finalising a deal by the end of 2020, and expects that there
may be more room for manoeuvre following the US presidential election in
November, with the winning party more easily able to commit to a position at
that point.
