The OECD will hold a public consultation meeting on December 9.
The OECD, on December 3, published 1300+ pages of public comments received from over 185 organizations on certain aspects of the Global Anti-Base Erosion (GloBE) Proposal under Pillar Two.
Earlier in May 2019, members of the Inclusive Framework on BEPS agreed a “Programme of Work” (comprising Pillar One and Pillar Two) for addressing the tax challenges posed by the digital economy.
The consultation document – issued on November 8, 2019 – focuses on specific technical issues in respect of the GloBE proposal (Pillar Two).
This Pillar focuses on the remaining BEPS issues and seeks to develop rules that would provide jurisdictions with a right to “tax back” where other jurisdictions have not exercised their primary taxing rights, or the payment is otherwise subject to low levels of effective taxation.
The OECD will hold a public consultation meeting on December 9. The meeting will focus on the key questions identified in the consultation document and issues raised in the written submissions received as part of the consultation process.
The author is Alex Hunter, Editor, TP News. He oversees and updates the publication and also regularly writes news stories about transfer pricing and international tax law. Alex is reachable at editor@transferpricingnews.com