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ARTICLE · 21 OCTOBER 2019

OECD Proposes Significant International Tax Changes That Will Impact Multinationals

Osler, Hoskin & Harcourt LLP
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Earlier in 2019, the OECD published its Programme of Work [PDF] to Develop a Consensus Solution to the Tax Challenges Arising from the Digitalization of the Economy (Program of Work)

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Patrick Marley
Patrick Marley
Taylor Cao
Taylor Cao
Kaitlin Gray
Kaitlin Gray
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In this Update

  • Earlier in 2019, the OECD published its Programme of Work  [PDF] to Develop a Consensus Solution to the Tax Challenges Arising from the Digitalization of the Economy (Program of Work)
  • This Program of Work contained two principal measures: Pillar One, which would allocate additional taxing rights to market jurisdictions, and Pillar Two, which would introduce a global minimum tax to prevent the shifting of profits to low-tax jurisdictions
  • On October 9, 2019, the Secretariat of the OECD released a proposal for a "Unified Approach" under  Pillar One (Consultation Document)
  • Details of Pillar One and Pillar Two and next steps for implementation

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