The public consultation meeting on the developments under Pillar Two will be held on 9 December 2019, at the OECD Boulogne in BoulogneBillancourt. The objective is to provide external - stakeholders an opportunity to provide input on the ongoing work. Information on the public consultation meeting is available on the OECD Website. OECD veröffentlicht Blueprint zur globalen Mindestbesteuerung (Pillar Two) Am 12. Oktober 2020 wurden von den 137 Mitgliedern des Inclusive Frameworks der OECD/G20 zwei umfassende Reports zu Pillar One und Pillar Two veröffentlicht. Diese sollen als Fundament für ein Übereinkommen der beteiligten Staaten dienen, das bereits für Mitte 2021 geplant ist. Währen
OECD releases updated Pillar Two proposal for global minimum effective taxation On 12 October 2020, the OECD released for public consultation updated reports on its two-pillar proposal to address the tax challenges of the digitalisation of the economy The idea is that the OECD is unlikely to endorse a version of pillar 2 that would see existing tax structures — built around taxpayers' foreign earnings drawing the Irish rate — suffering an.. Das BEPS 2.0-Projekt der OECD hat zum Ziel, ein global abgestimmtes Besteuerungskonzept zu erarbeiten, das den Problemstellungen des digitalen Zeitalters gerecht wird. Gleichzeitig sollen mit Blick auf Compliance-Anforderungen und künftige Streitbeilegung Konzepte erarbeitet werden, um das Besteuerungsverfahren effizient zu gestalten. Die OECD hat die bislang erarbeiteten Konzepte in zwei Säulen (Pillars) aufgeteilt Oktober 2019 der Vorschlag eines Unified Approach unter Pillar One vom Sekretariat der OECD herausgegeben wurde, folgte am 8. November das Konsultationsdokument zum Global Anti-Base Erosion Proposal (GloBE) Vorschlag unter Pillar Two. Als Komponenten des GloBE wurden die folgenden vier Mechanismen herausgearbeitet In brief. After much anticipation, the OECD released the 'Blueprint' for their Pillar Two proposal on 12 October as part of its two pillar package to deal with the increasing digitalisation of the economy. The premise behind the Pillar Two proposal is simple, if a state does not exercise their taxing rights to an adequate extent, a new network of rules will re-allocate those taxing rights.
Säule Eins (Pillar One) dieses Modells behandelt die Ausweitung und Neuverteilung von Besteuerungsrechten zwischen Ansässigkeits- und Marktstaaten, während Säule Zwei (Pillar Two) eine globale Mindestbesteuerung vorsieht Pillar 1 addressed taxable nexus and the allocation of taxing rights among jurisdictions. Pillar 2 addressed the global anti-base erosion (GloBE) issue and presented an approach to implement a global minimum tax through a coordinated set of global tax rules that contain both income inclusions and base-erosion payments
Pillar 2 seeks to create a global minimum tax through two main mechanisms, outlined in the OECD's Pillar 2 Blueprint: (1) an income inclusion rule (IIR), which would allow a parent company's jurisdiction to tax on a current basis income earned through the parent's subsidiaries subject to low rates of tax, similar to the U.S. CFC rules, and (2) an undertaxed payments rule. On 31 January 2020, the OECD/G20 Inclusive Framework released a Statement on its ongoing work to address the tax challenges arising from the digitalisation of the economy. The work addresses nexus and profit allocation rules (Pillar One), and the development of a global anti-base erosion (GloBE) proposal (Pillar Two) OECD Pillar 2: Under the proposed framework, Pillar 2 would allow a right to 'tax back' where other jurisdictions have not exercised their primary taxing rights, or the payment is otherwise subject to low levels of effective taxation, according to the OECD. Essentially, Pillar 2 seeks to establish a minimum level of taxation on multinational companies doing business around the world. Die vorläufigen Ergebnisse der OECD deuten dar-auf hin, dass Säule 1 und 2 zusammen zu einem er-heblichen Anstieg der weltweiten Steuereinnahmen sowie einer Umverteilung von Besteuerungsrechten hin zu den Marktstaaten führen würde. ‒ Säule 1 bewirkt, dass sich die Verteilung der Be-steuerungsrechte auf die verschiedenen Staaten deutlich verändert, hätte aber auch einen kleinen Anstieg.
G20/OECD Inclusive Framework issues Pillar Two Blueprint on a global minimum tax. On 12 October 2020, the G20/OECD Inclusive Framework on Base Erosion and Profit Shifting ('Inclusive Framework') released two detailed 'Blueprints' in relation to its ongoing work to address the tax challenges arising from the digitalisation of the economy Global: OECD veröffentlicht Dokument zu Global Anti-Base Erosion Proposal unter Pillar Two. Von Daniel Retzer und Finn Winkelmann. Der Umfang und die Geschwindigkeit der digitalen Transformation stellt die Politik vor vielerlei Herausforderungen. Der Umgang mit den steuerlichen Herausforderungen der Digitalisierung der. Wirtschaft ist dabei als einer der Schwerpunkte des OECD/G20 Base.
Durch die Veröffentlichung der jeweils knapp 250 Seiten umfassenden Berichte zu den beiden Arbeitssträngen Pillar 1 (Unified Approach) und Pillar 2 (GloBE-proposal) am 12.10.2020 setzt die OECD das Signal, dass eine Einigung auf internationaler Ebene - trotz inhaltlicher Diskrepanzen - in greifbarer Nähe ist. Dieser Aspekt war seit dem vorübergehenden Ausstieg der USA aus den. The OECD holds its public consultation on its pillar two blueprint to establish a global minimum tax rate, ITR reports live. The second day of the OECD's consultation on pillar one and pillar two has come to an end. The next step will be taking the blueprints to the G20 and the Inclusive Framework meeting on January 27-29
Was schlägt der aktuelle Blueprint der OECD zu Pillar One und Two vor? Die Schlüsselelemente von Pillar One lassen sich in folgenden Kernkomponenten zusammenfassen: Amount A : Hier geht es um ein neues Besteuerungsrecht für die verschiedenen Länder ohne die Notwendigkeit einer physischen Präsenz im jeweiligen Staat. Ein Teil des Residualgewinns eines multinationalen Unternehmens wird dab The OECD Pillar Two Blueprint published on 12 October 2020 is aimed at addressing challenges relating to the taxation of the digital economy. Read More. A deal on BEPS 2.0 could cost Ireland 20% of its corporation tax revenues. Apr 2021. article. Speaking at an Irish Department of Finance international tax seminar, held virtually on 21 April 2021, Irish Finance Minister Pascal Donohue. For pillar 2, you'd look at it and say, Well, because of the Tax Cuts and Jobs Act, the tax reform bill we had in 2017, we already have something that looks like an income inclusion rule with. BEPS 2.0: Latest updates on Pillar I and II. Since our last post on BEPS 2.0 (published in February 2020) and despite the COVID-19 situation, the OECD has dedicated further resources and made significant progress on this topic as described by the OECD in their Update on the Programme of Work since February 2020, included in the OECD's. Zwei-Säulen-Modell (Two Pillar-Model) vorgestellt, welches neben einer Neuordnung der Gewinnzuordnungsregeln (Pillar 1) bei digitalen Geschäftsmodellen zudem die Einführung einer weltweiten effektiven Mindestbesteuerung (Pillar 2) vorsieht. Zu den von der OECD hierzu jeweils durchgeführten Konsultationen hat die IHK-Organisation, vertreten durch den Deutschen Industrie- und.
2. Säule der OECD-Vorschläge: Globale effektive Mindestbesteuerung von Unternehmensgewinnen . Der zweite Vorschlag der Organisation für wirtschaftliche Zusammenarbeit und Entwicklung (OECD) soll eine globale effektive Mindestbesteuerung von Unternehmensgewinnen sicherstellen. Hintergrund ist die Annahme, dass die Besonderheiten der digitalisierten Wirtschaft eine Verlagerung von Gewinnen in. OECD documents on BEPS 2.0 include new details and identify issues under consideration on Pillar One and Pillar Two Executive summary On 31 January 2020, the Organisation for Economic Co-operation and Development (OECD) released a Statement by the Inclusive Framework on BEPS on the Two-Pillar Approach to Address the Tax Challenges Arising from the Digitalization of the Economy (the Statement )
The OECD has invited comments on the blueprints by 14 December 2020 and a virtual public consultation meeting is scheduled for 14-15 January 2021. The OECD's aim is to bring the process to a conclusion by mid-2021. The Pillar Two blueprint sets out proposals that do not yet have the political agreement of the inclusive framework countries, including the following key elements: The income. . Säule der OECD-Arbeiten zur Besteuerung der digitalen Wirtschaft. von StB Dr. Thomas Loose, International Tax Partner bei der PwC GmbH WPG auf Entsendung in New York | Insbesondere die US-Internetriesen können nach den derzeit geltenden Ertragsteuerregeln kaum dort steuerlich erfasst werden, wo sie durch die Vermarktung von Nutzerdaten Gewinne erzielen. Die G20-Gruppe will nun das. Summary: The Pillar One and Two blueprints (BEPS 2.0) following a meeting of the OECD-led coalition of 137 countries, were released yesterday. Contrary to expectations, there was no agreement on either blueprint by the Inclusive Framework members and it is now expected that consensus could be achieved by mid-2021
OECD BEPS 2.0 Der Unified Approach im Überblick Secretariat Proposal for a Unified Approach under Pillar One, vom 9. Oktober 201 The OECD has now two proposals in process: Pillar One addresses the digital economy and Pillar Two sets forth a global minimum tax system; global anti-base erosion (GloBE) proposal. The proposals are linked herein for reference. Both proposals may have one or more legal entities of a multinational taxed on more than one approach, whethe In brief. On 14 and 15 January 2021, the OECD held a public consultation to address comments received from the public on the Draft Pillar 1 and Pillar 2 Blueprints (available here).The first day of the two-day consultation, which was held via video conference, addressed feedback received from stakeholders (businesses, trade associations, academia and NGOs) in December of 2020 on the Pillar 1. These proposals are described in the Pillar One and Pillar Two Blueprint reports (OECD, 2020 ; OECD, 2020 ). A number of the design elements and parameters of Pillar One and Pillar Two will be the subject of future decisions by the Inclusive Framework. The 'ex ante' assessment in this report, which has been carried out by the OECD Secretariat, relies on a number of illustrative. After the initiation of the public consultation on Pillar 1 of the BEPS 2.0 framework was launched last month, the OECD today released its current thinking around Pillar 2 and has asked for public input.. To tackle remaining instances of international profit shifting to no / low tax jurisdictions, the OECD proposes a set of four rules, each of which shall be coordinated with each other
On 12 October, the OECD/G20 Inclusive Framework ( IF) launched a public consultation document in relation to the released Reports on the Pillar One and Pillar Two Blueprints in order to further. Pillar One2 (228 pages) and Pillar Two3 (250 pages) were published in October 2020, along with an economic impact assessment4 of the proposals (284 pages). The OECD also collected and published comments from a range of stakeholders.5 On January 14 and 15, 2021, the OECD held a public consultation6 on the latest Pillar One and Pillar Two Blueprints. 2 Organisation for Economic Co-operation and. Pillar 2 minimum tax under consideration at the OECD. 6. Now, Treasury has proposed a significantly higher global minimum tax rate of 21 percent as part of the Pillar 2 global minimum tax, as well as a number of changes to make the global minimum tax rules far more stringent for U.S.-based businesses. Numerous countries have suggested the Tax Challenges Arising from Digitalisation - Report on Pillar Two Blueprint Inclusive Framework on BEPS The OECD/G20 Base Erosion and Profit Shifting (BEPS) Project aims to create a single set of consensus-based international tax rules to address BEPS, and hence to protect tax bases while offering increased certainty and predictability to taxpayers. Addressing the tax challenges raised by. See EY Global Tax Alert, OECD's Inclusive Framework releases BEPS 2.0 documents and agrees to continue work with target of conclusion by mid-2021, dated 13 October 2020. See EY Global Tax Alert, OECD releases BEPS 2.0 Pillar One Blueprint and invites public comments, dated 19 October 2020
CFE takes note of the blueprints for Pillar 1 (review of profit allocation and nexus rules to reflect digital business models) and Pillar 2 (global anti-base erosion rules for a minimum effective taxation rate) published by the OECD Secretariat in October 2020 concerning work to advance international negotiations in an attempt to ensure large and highly profitable Multinational Enterprises. The Pillar One and Two blueprints (BEPS 2.0) following a meeting of the OECD-led coalition of 137 countries, were released yesterday. Contrary to expectations, there was no agreement on either blueprint by the Inclusive Framework members and it is now expected that consensus could be achieved by mid-2021 The OECD Programme of Work on the tax challenges arising from the digitalization of the economy encompasses a so-called GloBE (Global Base Erosion) or Pillar 2 proposal, consisting in a series of measures aimed at establishing a floor to tax competition by achieving minimum taxation in all cross-border income streams. If implemented, developing countries would be severely deprived from the. . It is distributed to the delegates of the Inclusive Framework for comments. Delegates are invited to coordinate with thei
Understanding OECD's Two-Pillar Approach. In this dynamic era, the brick and mortar business models are turning digital and Multi-National Companies (MNCs) are effectively operating out of various jurisdictions without having a physical presence. From a taxation perspective, it is way more challenging when the value creation, income. Pillar Two blueprints of the BEPS 2.0 Project October 2020 Insights -Tax Alerts Tax Services KPMG Saudi Arabia Background The OECD has published blueprints on Pillar One and Pillar Two on 12 October 2020, and with them a suite of accompanying materials including an economic impact assessment and the OECD'sreport to the G20 Finance Ministers and Central BankGovernors. The OECD/G20 Inclusive. The Pillar 2 blueprint concludes with a set of examples that illustrate the application of the various rules. Our thoughts. The application of the rules proposed in the Pillar 1 and 2 blueprints is far from evident. If the OECD member states will indeed adopt rules that are in line with these blueprints, MNEs will carefully have to verify. These documents included the Pillar One 2 and Pillar Two 3 Blueprints that were the subject of the public consultation. The OECD also released a lengthy Economic Impact Assessment that was prepared by the OECD Secretariat. 4 The cover statement accompanying the Blueprints indicates that while the 130+ members of the OECD/G20 Inclusive Framework on BEPS (the Inclusive Framework) did not reach a.
I have long had two goals for the OECD process: ending discriminatory DSTs, and enacting a global tax system that treats U.S. companies fairly. Treasury's new proposal has the potential to achieve both those goals. When looking at the total effects of both Pillar 1 and Pillar 2, Treasury's proposal could be the basis for a global deal. Importantly, this proposal could support necessary. 19.10.2020 OECD veröffentlicht Blueprint zu neuen Gewinnzuteilungsregelungen (Pillar One) Am 12. Oktober 2020 veröffentlichte die OECD eine Reihe von Dokumenten über die laufenden Arbeiten der Mitglieder des Inclusive Frameworks der OECD/G20 Staaten (IF), darunter Berichte über die Blueprints zu Pillar One und Pillar Two sowie einen Bericht zur Abschätzung der wirtschaftliche Folgen After the OECD receives written comments on the Pillar 1 and Pillar 2 proposals, a public consultation will be held, likely in early January 2021. Beyond that, the OECD expects to resolve all of the remaining technical and political issues by mid-2021, and to develop model draft legislation, guidelines, and other rules as needed for implementation. While nothing is certain, even if all the. OECD-Steuerreform - Einführung eines Mindeststeuersatzes (Pillar 2) Im Zuge der Digitalisierung haben die OECD-Staaten (OECD = Organisation für wirtschaftliche Zusammenarbeit und Entwicklung) sich auf eine Reform des internationalen Besteuerungssystems geeinigt (OECD 2019, Public Consultati-on Document, Addressing the Tax Challenes of the Digitalisation of the Econo-my, S. 5 ff.
OECD reports on the Pillar 1 and Pillar 2 blueprints - BusinessEurope's reply to the public consultation. Economy and finance; Taxation; Key messages . We believe that the blueprints demonstrate the significant and ambitious progress the OECD is making in reforming the international corporate tax system to address the tax challenges of the digitalised economy. While the blueprints will need to. On 2 December 2019, EY submitted a comment letter to the OECD on the public consultation document, Global Anti-Base Erosion (GloBE) Proposal - Pillar Two. The letter provides some overall comments on Pillar Two and the GloBE proposal and comments in response to the specific questions raised in the consultation document Pillar 2 würde die bestehenden gesetzlichen Regelungen in Deutschland hin-sichtlich der Hinzurechnungsbesteuerung und der Begrenzung des Betriebsaus-gabenabzugs verschärfen (OECD-Consultation on Pillar One, November 2019, BDI, S. 1 und 2). Beide Säulen des OECD-Reformvorschlags bergen derzeit Risiken der Doppel Pillar Two is the GloBE proposal, which is described as involving the development of a coordinated set of rules to address ongoing risks from structures that are viewed as allowing multinational enterprises to shift profit to jurisdictions where they are subject to no or very low taxation. On 9 October 2019, the OECD released a public consultation document on an OECD Secretariat proposal for a. The OECD recently released blueprint reports on Pillar One and Pillar Two and launched a public consultation process on its two-pillar approach to international tax reform, with comments due from stakeholders by December 14, 2020. While Canada and the 136 other countries comprising the Inclusive Framework on BEPS approved the public release of the reports, several political and technical.
OECD Pillar 2 Draft Further Maps Out GLOBE Minimum Tax Proposal. HOME Tax Notes Today International 08/18/2020 News Stories. Previous. Article 2 of 8 in News Stories . For some years now, the world has been under the spell of a new system of taxation of companies that make profits in countries without taking root there in any way. They often operate via internet platforms, which means that the profits that are generated elsewhere cannot be taxed in those other countries. However, the OECD is unable to make.
Background: The Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) has been working to develop a consensus-based solution to address tax challenges arising out of digitalisation of the economy.In this regard, the OECD recently released Blueprints for public consultation on Pillar One and Pillar Two Both the OECD's Pillar I and Pillar II proposals have been described in rather broad terms. The impacts of Pillar I critically depend on the final design of the reallocation rules and the future definition of residual profits. For Pillar I, the OECD's own (rudimentary) impact assessment estimates that a) effective average corporate tax rates (EATRs) are going to rise between 0.6% and 1.9%.
Die OECD hat dazu aufgerufen, bis 2. Dezember 2019 an der öffentlichen Konsultation teilzunehmen und die zahlreichen Zweifelsfragen des Diskussionspapiers zu beantworten. Die Linzer. The OECD G20 Base Erosion and Profit Shifting Project (or BEPS Project) is an OECD/G20 project to set up an international framework to combat tax avoidance by multinational enterprises (MNEs) using base erosion and profit shifting tools. The project, led by the OECD's Committee on Fiscal Affairs, began in 2013 with OECD and G20 countries, in a context of financial crisis and tax affairs (e.g. In early November 2019, the OECD released a public consultation document for Pillar Two. Pillar Two presents four elements to address actual or perceived shifting of profits to no or low-tax jurisdictions. The four components currently include: 1) An income inclusion rule; 2) An undertaxed payments rule; 3) A switch-over rule; and 4) A subject to tax rule. The goal of the combined four. An economic impact assessment of the project, also released the week of 12 October, estimates that Pillars One and Two could increase global corporate income tax revenues by approximately USD 47-81 billion annually - between 1.9% and 3.2% of corporate income tax revenues - with the bulk of the revenue (USD 42-70 billion) coming from Pillar Two. For both pillars, investment hubs have the. Most recently, on 31 January 2020, the OECD delivered an update, Statement by the OECD/G20 Inclusive Framework on BEPS on the Two-Pillar Approach to Address the Tax Challenges Arising from the Digitalisation of the Economy, setting out the progress that had been made as well as the very significant challenges still to be overcome for the solutions to be implemented by its end 2020 deadline.
The August 2020 draft reports of the OECD containing the blueprints of Pillar I and Pillar II have been circulated on the Internet ahead of their intended publication in October 2020 Die OECD schätzt, dass die Einführung eines neuen Besteuerungsrechts für digital erbrachte Leistungen (Pillar one) folgende Auswirkungen haben könnte: Die globalen Steuereinnahmen würden sich leicht erhöhen, da es zu einer Verschiebung von Steuereinnahmen weg von Niedrigsteuerländern hin zu Staaten mit höheren Steuersätzen kommen würde OECD Pillars 1 and 2 - Some (If Not Full) Steam Ahead. In what some see as evidence of a more inclusive approach to global tax policy by the Biden administration than its predecessor, the US has agreed to drop the requirement that the OECD Pillar 1 tax proposals be implemented on a 'safe harbor' basis (i.e. affording some MNE's the ability to.
OECD's Pillar One Blueprint: Profit Allocation. Overview. As discussed in prior blog posts, Amount A is a proposed new taxing right over a share of residual profit of MNE groups that fall within its defined scope. The calculation and allocation of Amount A will be determined through a formula that is not based on the Arm's Length Principle (ALP) Michael J. Graetz suggests major modifications to the OECD's pillar 1 blueprint proposal to create new taxing right for multinational digital income and some product sales that would greatly simplify the proposal and achieve certainty in the application of pillar 1 while adhering to its fundamental.
1. See EY Global Tax Alert, OECD documents on BEPS 2.0 include new details and identify issues under consideration on Pillar One and Pillar Two, dated 7 February 2020. 2. GloBE: Global Anti-Base Erosion. 3. GILTI: Global Intangible Low-Taxed Income Bräutigam/Kellermann/Spengel: Neuordnung der Besteuerungswelt durch den OECD Pillar One Haase: Auf den Schultern von Jürgen Lüdicke: Liebhaberei bei beschränkter Steuerpflicht und Weiterungen; Marquardt: Ertragsbesteuerung digitalisierter Geschäftstätigkeiten (Teil I) Praxisforum; Rechtsprechun Opinion Statement CFE 2/2020 on the 2020 OECD Consultation on the Pillar 1 & 2 Blueprints Issued by CFE Tax Advisers Europe Submitted to the OECD Centre for Tax Policy and Administration on 14 December 2020 CFE Tax Advisers Europe is the European umbrella association of tax advisers. Founded in 1959, CFE brings together 33 national tax institutes, associations and tax advisers' chambers from. OECD-Vorschlag zu Pillar 2. Am 08.11.2019 veröffentlichte die OECD das Konsultationspapier zum Global Anti-Base Erosion Proposal (GloBE) als zweite Säule (Pillar 2) der BEPS 2.0-Initiative Addressing the Tax Challenges of the Digitalisation of the Economy. Die Konsultationsphase der Reformvorschläge zur ersten Säule. An OECD BEPS Multilateral Instrument, consisting of 15 Actions designed. The August 2020 draft reports of the OECD containing the blueprints of Pillar I and Pillar II have been circulated on the Internet ahead of their intended publication in October 2020. These documents draw on the work conducted by the Steering Group of the Inclusive Framework on BEPS since January 2020 and elaborate on the technical aspects of the different building blocks and the political.
The OECD intends to complete its technical work on Pillar One and Pillar Two throughout 2020. The Members of the Inclusive Framework will meet July 1-2, 2020, in Berlin in order to see whether they can reach a consensus on the architecture of the two-pillar approach. If a consensus is reached in 2020, this could then start a years-long process. OECD Pillar Two Draft Skips Decision on How to Treat GILTI (1) By Isabel Gottlieb and Hamza Ali. Aug. 17, 2020, 5:59 PM; Updated: Aug. 17, 2020, 9:11 PM. OECD is working to get countries to agree to global rewrite; Will use feedback in report to be released at the end of August; The OECD is nearing answers on some key issues on the organization-led plans for a global minimum tax, but it hasn. OECD Pillar 2: The GloBE Proposal. Published: July 8, 2020 — 4:59 pm; View other posts: U.S. Backs Out Of Global Tax Conversation; OECD Pillar 2: The GloBE Proposal; OECD Pillar 1: Nexus Standards For The Digital Economy; What Is The OECD? VAT/GST Exposure; Category: Careers; Corporate Tax; COVID-19 ; Delaware Franchise Tax; Delaware Tax Code; Income Tax; International Tax; News; Press.
L Thomas, OECD says US still committed to global digital tax talks, ITnews, 2 July 2020, OECD, OECD/G20 Inclusive Framework on BEPS invites public input on the Reports on Pillar One and Pillar Two Blueprint, op. cit., and OECD, Tax Challenges Arising from Digitalisation - Report on Pillar One Blueprint, op. cit. 1 Notes For Participating in Today's Webinar: Dissecting Pillar 1 and 2 Negotiations at the OECD •Today's webinar has 2 options for audio: • Dial In: Call in to the toll-free conference line using your pin. • Stream on Computer: Listen using your computer speakers or headphones.If choosing this option, please ensure the volume on your computer is turned up OECD Draft Reports on Pillars 1 & 2. Sep. 3. Written By Allison Christians. Here are the leaked draft reports: one on Pillar 1 and one on Pillar 2. These have been circulating across law firms and multinational companies and finally made their way to me.. digital OECD. Allison Christians As part of the ongoing work to develop a solution to the tax challenges of the digitalisation of the economy, the OECD/G20 Inclusive Framework on BEPS invite.. Treasury Secretary Stephen Mnuchin recently wrote a two-page letter to the finance ministers of France, Italy, Spain, and the U.K. stating that negotiations on Pillar 1 of the OECD/Inclusive Framework's program were at an impasse. The letter received a mixed response. Jeff VanderWolk of Squire Patton Boggs examines the effect of the letter going forward regarding both Pillar 1 and Pillar 2.