Sideshow: The UN Committee of Experts and Digital Services Taxes

    View Author 5 March 2021

    In the world of international tax policy, for the past two or three years the spotlight has been on the OECD/G20 Inclusive Framework’s two-pillar project on the tax challenges of digitalization, sometimes called BEPS 2.0. The project is aimed at finding a global consensus on how to tax corporate profits from the cross-border provision of digitalized services and products, and clarify the taxation of cross-border marketing and distribution functions (Pillar One) as well as consensus on a global minimum tax regime common to all countries (Pillar Two). The project has been delayed both by the global pandemic and by political differences among the participating countries on some of the main issues raised by the proposed tax changes. The Inclusive Framework is now working toward a mid-2021 deadline, primarily through behind-the-scenes negotiations between country representatives.

    *This article was first published in Bloomberg Tax on March 5, 2021.