OECD’s BEPS Meeting To Be Streamed Online
The OECD has revealed that it will be streaming the two-day 11th meeting of the BEPS Inclusive Framework, to be held on January 27-28, 2021.
The OECD explained that opening the event to the public online will allow stakeholders a glimpse into the various international tax-related workstreams undertaken by the Inclusive Framework to date.
One of the key issues that will be under discussion by participants are the tax challenges arising from digitalization and the future of international taxation, including 2021 priorities of the G20.
In October 2020, the OECD released its proposals for reform of international tax rules. Under pillar one of its proposals, new rules will be established on where tax should be paid (“nexus” rules) and there will be a fundamentally new way of sharing taxing rights between countries. The second pillar would introduce a global minimum tax, which the OECD considers would help countries around the world to address remaining issues linked to base erosion and profit shifting by MNEs. As part of the ongoing work in this area, the OECD/G20 Inclusive Framework on BEPS invited public comments on the Reports on the Pillar One and Pillar Two Blueprints, and over 3,500 pages of comments were reportedly received, from over 200 contributors.
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