Background to the Blueprints and the OECD Two-Pillar Approach
The matter of directly addressing the tax challenges of the digitalised economy was effectively parked in the course of the OECD’s base erosion and profit shifting (BEPS) project. Work on the matter is now being taken up again.
On 12 October 2020, the OECD published its reports on the ‘Blueprints’ for its two-pillar proposal to address both the tax challenges arising from the digitalisation of the economy and the remaining challenges of the BEPS project (the Pillar One Blueprint and Pillar Two Blueprint, together the Blueprints). Here, we take a look at the background to the Blueprints and to the OECD’s two-pillar approach.
For more information on this please contact Philip McQueston or any member of our Tax team.
Date published: 16 December 2020