Tax and Digitalization – Policy Should Not Be Based on Myths

    View Author August 2020

    The OECD-led Inclusive Framework on BEPS is continuing to pursue its program of work on the tax challenges of digitalization, which aims to reallocate non-routine multinational business profits in favor of market countries (Pillar 1) while also creating a global minimum tax regime (Pillar 2). The current status of the project is that the OECD Secretariat has prepared draft reports on ‘‘blueprints’’ of the proposed Pillar 1 and Pillar 2 regimes, and has sent those draft reports to the member countries of the Inclusive Framework for comments which will be considered by the Framework’s steering group in early September.

    *This article was first published in Bloomberg Tax on 11 August 2020.