Will Morris shares his initial insights on today’s OECD Pillars One and Two guidance. The documents, released July 17, contain key issues to be considered by taxpayers, including transferable credits, global information reporting, and Amount B, which is contained in a consultation document. Taxpayers have until September 1, 2023 to comment and make suggestions on the consultation documentation.
Background and source documents:
PwC’s Pillar Two Country Tracker
Upcoming Webcast: Tax Readiness: The current state of the OECD's two-pillar solution
Tax Challenges Arising from the Digitalisation of the Economy – Administrative Guidance on the Global Anti-Base Erosion Model Rules (Pillar Two), July 2023
OECD Public Consultation Document: Pillar One – Amount B (17 July 2023 – 1 September 2023)
PwC Tax Policy Alert: OECD releases Outcome Statement on the two-pillar solution
138 countries and jurisdictions agree historic milestone to implement global tax deal
Outcome Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy
IN THIS EPISODE
Will Morris, PwC’s Global Tax Policy Leader
Sindhu Blume, Host, Policy on Demand
Scott McCandless, Host, Policy on Demand
In case you missed it:
Week in Review with Janice Mays
Happening this week:
- July 17 and 18: The G20 finance ministers will meet in India.
- July 19: The House Ways and Means Tax Subcommittee will hold an international tax hearing.
- July 19: The OECD Centre for Tax Policy and Administration will hold a webcast to provide an update on its international tax work.
- July 20: The Congressional Budget Office is scheduled to release a report on the long-term budget outlook under alternative economic and budget assumptions.
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