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OECD: Webcast on tax challenges of digitalisation; Pillar One and Pillar Two proposals

OECD: Webcast on tax challenges of digitalisation

The Organisation for Economic Cooperation and Development on 13 February 2020 hosted a webcast concerning the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) relating to the tax challenges arising from the digitalisation of the economy.

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The OECD webcast examines the Pillar One and Pillar Two proposals as well as includes a presentation of preliminary results on the revenue and investment effects of the proposals.

A replay of the webcast is available on the OECD website.


Digital tax revenues estimated to reach $100 billion annually

A proposed solution to the tax challenges arising from the digitalisation of the economy would have a significant positive impact on global tax revenues, according to a release from the OECD. The analysis suggests the combined effect of the two-pillar solution under discussion would be up to 4% of global corporate income tax revenues, or U.S. $100 billion annually. The revenue gains are broadly similar across high, middle and low-income economies, as a share of corporate tax revenues.

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