Slicing up the cake for international tax
Wendy Nicholls and David Green assess the Organisation for Economic Operation and Development’s workplan and explain potential changes that can come from it to the international tax landscape.
The G20 Finance Ministers confirmed support for the OECD’s ambitious programme of work in June 2019, laying out a process for reaching a new global agreement for taxing multinational enterprises (MNEs) by the end of 2020. As noted by Ian Young in the March 2019 issue of TAXline, this plan follows increased overall concern over one-sided actions by individual jurisdictions which are dissatisfied with the current international tax framework regarding:
The trend for one-sided actions has been recently evidenced by proposals for digital services tax in France and the UK.