OECD: Ensuring A Fairer International Tax System

One year ago, 137 countries and jurisdictions joined the historic agreement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy.[i] The October 2021 Statement built upon years of negotiations within the G20/OECD Inclusive Framework on BEPS (Inclusive Framework) to reform and update the international tax system to address the tax challenges arising from globalisation and digitalisation, with the goals of tackling aggressive tax avoidance practices by multinational companies and of increasing tax certainty worldwide. This ground-breaking deal will establish a modernised framework for international taxation, through a Two Pillar approach.

Prioritising The Fight Against…