Highlights of the OECD/Inclusive Framework’s Jan. 31 Statement on Pillars One and Two

    View Author January 2020

    The Inclusive Framework on Base Erosion and Profit Shifting (IF) at the Organization for Economic Cooperation and Development (OECD) continues its work on the tax challenges of digitalization, notably agreeing to further negotiations on the basis of the OECD’s proposed unified approach to Pillar One (dealing with tax nexus and global profit allocation). In this article, originally published in Bloomberg Tax, partner Jeff VanderWolk discusses the highlights of the OECD’s 30-page statement, including that timing goalposts have been moved, the US safe-harbor proposal will be considered, relevant unilateral actions would be withdrawn and more.