OECD Pillar I & II comments
Attached is EY’s summary of the recent meetings, in which comments were provided for various applications of Pillar I and II.
The EU has also expressed its desire to move forward with a digital service tax if the OECD falls behind in its targeted 2021 dates to prescribe rules. The OECD’s approach will also encounter issues re: dispute resolution in multiple countries, for which countries may not yet be ready for.
As the U.S. presidency is now decided, its direction will also influence the ongoing discussions for global implementation.