OECD Releases Consultation Document On Its Global Anti-Base Erosion Proposal

In this Update

• On November 8, 2019, the OECD released a public consultation document (the Consultation Document) on its Global Anti-Base Erosion Proposal (GloBE)
• The OECD's Programme of Work [PDF] to Develop a Consensus Solution to the Tax Challenges Arising from the Digitalization of the Economy (Program of Work) contained two principal measures: Pillar One and Pillar Two
• Together these proposals under Pillar One and Pillar Two represent a fundamental overhaul of the entire international tax system
• Osler's comments on the Unified Approach under Pillar One were set out in a prior Update, and in our comments to the OECD in the link below
• The OECD Secretariat's GloBE proposal, which is the focus of this Update, was published under Pillar Two