The Organisation for Economic Cooperation and Development (OECD) today issued a consultation document concerning certain aspects of the global anti-base erosion (GloBE) proposal under Pillar Two.
As explained by today’s OECD release, the consultation document focuses on the tax challenges of digitalisation of the economy.
This part of the OECD’s work under the base erosion and profit shifting (BEPS) process has been divided into two pillars:
The consultation document [PDF 734 KB] concerns Pillar Two issues. Comments are specifically requested on three technical design aspects of the GloBE proposal:
The comments are expected to assist members of the Inclusive Framework in the development of a solution for a final report to the G20 in 2020. Comments are requested by Monday, 2 December 2019.
The purpose of this report is to provide text of the consultation document. KPMG will provide a more detailed discussion of the consultation document in a future report.
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