Squire Patton Boggs’ Jeff VanderWolk addresses cracks that are appearing in the two pillars of the global tax plan that more than 130 countries agreed to in October 2021.
The plan, designed by members of the Organization for Economic Cooperation and Development’s inclusive framework on base erosion and profit shifting, and approved by the G20 leaders, was aimed at preventing a chaotic, uncoordinated scramble by countries on tax cross-border business through new unilateral measures such as digital services taxes.
*This article was first published in Law360 on October 18, 2022.
