BEPS 2.0: What businesses are affected by the latest OECD digital tax update?

Over 130 countries are inching towards a consensus on reforms to the global tax system so that it can deal adequately with the digitalised economy. There is now renewed momentum to achieve a solution by the end of 2020.

The Organisation for Economic Cooperation and Development (OECD) and G20-sponsored Inclusive Framework of more than 130 countries has been working on two “pillars” of reform. Pillar One is tackling nexus issues with a new taxing right or reallocation of taxing rights for countries with which a business has significant consumer interaction, but relatively little physical presence. It also is seeking to resolves issues around complexity and dispute resolution. Pillar Two is the proposal for a g...

Sign in below or register now to read the full article

Authors: Glen Hutchings, Paul Sorrell

Published Date: 14 February 2020