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Earthquake in international #tax world with US pulling out or pausing the #OECD negotiations aka #BEPS2.
A quick personal take in this thread. #Oxfam reaction will come in the next hours.
What does this mean for the EU? Is the USA all bad?
👇👇👇
news.bloombergtax.com/daily-tax-repo…
A quick personal take in this thread. #Oxfam reaction will come in the next hours.
What does this mean for the EU? Is the USA all bad?
👇👇👇
news.bloombergtax.com/daily-tax-repo…
Let's recall this process started with a high amount of ambition in January 2019 with buy-in from the USA. Actually the USA was the one opening up the discussion with its own tax reform. Let's also remember there are 2 pillars.
Pillar 1 = digital economy. Pillar 2 = minimum tax.
Pillar 1 = digital economy. Pillar 2 = minimum tax.
The pulling out of the US or the ask to pause the negotiations seems to only hit pillar 1.
Pillar 1 divided countries from the very start. Some countries wanted a very limited focus (only techgiants) and others wanted to broaden the scope.
Actually the USA wanted a broad scope.
Pillar 1 divided countries from the very start. Some countries wanted a very limited focus (only techgiants) and others wanted to broaden the scope.
Actually the USA wanted a broad scope.
