Pascal Saint-Amans, director of the OECD s Centre for Tax Policy Administration (OECD)
The first day of the OECD s consultation may be over, but there is still a lot to discuss. The OECD will be hosting a day of consultation on its pillar two blueprint on January 15.
The next step for the Paris-based organisation is the G20/Inclusive Framework meeting on January 27-29. Yet there is just six months left to reach a final agreement.
Finishing at 16.30:
The Inclusive Framework (IF) still has to find enough common ground to support a final draft. Many countries have an idea of what they would like to do with pillar one, says Martin Kreienbaum, chair of the Inclusive Framework.
Hibbing, MN, USA / 93.9 WTBX
Jan 14, 2021 11:13 AM
PARIS (Reuters) - An OECD blueprint for an overhaul of the rules on taxing businesses operating across borders is too complex and needs to be simplified to be workable, multinationals asked for feedback on the plans said on Thursday.
The Organisation for Economic Cooperation and Development outlined last year the first major rewriting in a generation of international rules for taxing cross-border businesses, such as Google, Apple and Facebook.
With the aim to hammer out a deal by mid year among the nearly 140 countries involved, the Paris-based organisation has asked companies such as Netflix and Unilever for feedback on the technical blueprints two pillars.