The State of the Art of Pillar One and Pillar Two
In October 2021, the vast majority of the Inclusive Framework (IF) member countries agreed upon a two-pillar solution to address the tax challenges deriving from the digitalization of the economy as proposed by the OECD (so-called BEPS 2.0 Project). This project represents a complete rewriting of the current international tax rules, allowing states to tax a share of residual profits of non-resident businesses without physical presence in their territory, on the one hand, and to impose a minimum level of tax on global profits of MNEs regardless of where they are headquartered on the other hand. Despite the IF agreement on the general architecture of the two pillars, negotiations are still ongoing in the international tax setting. After an overview of the projects’ policy goals and overall design, this webinar discusses the latest developments concerning both Pillar One and Pillar Two, the work that has been carried out so far, and what is still missing to finalize the projects.
- The BEPS 2.0 Project
- The Pillar One Project
- The Pillar Two Project
This webinar discusses the latest developments concerning Pillar One and Pillar Two. After following this webinar, participants will be able to:
- Identify the main design features of the two pillars
- List the latest developments agreed upon by the Inclusive Framework
- Contextualize where we stand at the present stage vis-à-vis the implementation timeline envisioned by the OECD
- Shee Boon Law, Consultant, IBFD Tax Services
- Hans Pijl, Principal Associate, IBFD Tax Services
The webinar is suitable for all tax professionals, including accountants, controllers, in-house tax managers and directors, lawyers, advisers, policymakers and government officials who wish to follow the latest developments in the OECD-led global tax reform.
This webinar is also beneficial for individuals preparing for CIOT ADIT Module 1 – Principles of International Taxation, though it is not specifically designed for the ADIT. More information about this qualification can be found on the CIOT ADIT website.
This is an intermediate-level webinar. Participants in this webinar are expected to be familiar with the key concepts of international tax law.
On-demand webinars are intended for individual self-study only. Unlike live webinars, they are not open to interactive participation nor do they offer the assistance of a real-time instructor. Access to on-demand webinars is granted for a period of 12 months.
If you have any questions regarding following the webinar, technical requirements, or payments and cancellations, please consult our FAQ.
Group Participation
If you are an enterprise and would like to register a group of more than 5 participants from your company, please email us at info@ibfd.org for more details.
