Tax Challenges in a Digital Economy: Two-Pillar Solution Updates

On October 8, 2021, the OECD/G20 Inclusive Framework released Pillar One and the Pillar Two Blueprint updates outlining rates and thresholds, the scope of carve-outs and a detailed implementation plan.

This complimentary easy-to-read OnPoint presentation covers the key changes, including:

Pillar One:

• Amount A profit allocation
• Amount A elimination of double taxation
• Amount A dispute prevention and resolution
• Further streamlining of Amount B provisions
• Key operational and implementation improvements
• Removal of Digital Service Taxes

Pillar Two:

• Subject to Tax Rule (STTR)
• Global Anti-Base Erosion (GloBE) rules
• Application and implementation plans

Download this report to understand the changes and be ready to share with stakeholders.