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IBFD Tax Takes: News & Views

IBFD’s video series Tax Takes: News & Views provides our worldwide tax community with the latest key news and insights. First up will be the week’s top news, selected from IBFD’s market-leading Tax News Service, followed by an interview on a current hot or emerging topic with a leading tax expert.

Episode title: Pillars One and Two: Light at the End of the Tunnel, or Just More Tunnel?

The views: We look at the OECD’s announcement that 132 members of the BEPS inclusive framework have reached an historic agreement on a two-pillar solution. 

This week we bring you a special episode of Tax Takes: News & Views. Bob Stack (Managing Director International Tax, Deloitte Tax) and Dr Giorgia Maffini (Special Advisor on Tax Policy and Transfer Pricing, PwC) offer perspectives from the United States and Europe on the most significant benefits for governments and businesses, the most problematic aspects of the plan and whether seven members of the BEPS inclusive framework could scuttle the whole deal.

The news: This week’s episode kicks off with a high-level review of the just-approved plan to address the tax challenges arising from the digitalization of the economy.

  • Two pillars, two scopes
  • OECD’s deal lauded and criticized
  • Two pillars are still work in progress 
  • Pillar Two not a minimum standard

Watch previous episodes of IBFD Tax Takes: News & Views on our YouTube channel.