G20/OECD The Digitalised Economy - Political Agreement On Taxation Of Digital Economy (Pillar One) And Global Minimum Rate (Pillar Two)

Digitalised Economy and Beyond series
Host: Alison Lobb
Presenters: Lisa Shipley, Bob Stack

On demand, aired 19 July 2021

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The G7 reached political agreement on the way forward for the international tax framework on 5 June 2021. 130 members of the G20/OECD Inclusive Framework published a joint statement agreeing the key components of the allocation of taxing rights between countries (‘Pillar One’) and the introduction of a global minimum tax (‘Pillar Two’) on 1 July 2021. Implementation is scheduled for 2023.What does your organisation need to know about the impact of the new proposals? We’ll discuss:

  • Pillar One: scope and focus on ‘largest and most profitable’ businesses, profit allocation, Amount B and tax certainty.
  • Pillar Two: minimum rate, substance carve outs and interaction with US tax reform.
  • Practical steps your organisation can take to navigate and implement trends in the SAP S/4 HANA systems.
  • Implementation and co-ordination, including removal of digital service taxes.
  • G20 Finance Ministers meeting on 9-10 July and next steps.

Find out more about these proposals for major international tax policy reform.

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