Paris, 13th July 2023 — Business at OECD (BIAC) welcomes the release of the OECD/G20 Outcome Statement which outlines the status and next steps in context of advancing the Two-Pillar Solution to address tax challenges arising from the digitalization of the economy.
Business at OECD acknowledges the progress regarding both Pillar One and Pillar Two guidance and implementation. Members of Business at OECD will participate in the important forthcoming consultation on Pillar One Amount B, and Business at OECD will await the release of the multilateral convention for Pillar One, and Pillar Two Multilateral Instrument for the Subject to Tax Rule (STTR).
“Ongoing business engagement remains critically important to a positive outcome of the project. It is crucial that the rules and guidance are clear and practicable for both tax administrations and taxpayers alike”, stated Alan McLean, Chair of the Business at OECD Tax Committee. “Looking ahead, there needs to be continued focus on project details to ensure sound and consistent implementation, with attention given to eliminating duplicative rules, as this work fundamentally reshapes the international tax system.”
Business at OECD remains committed to continued engagement with the Inclusive Framework on this project towards the most effective outcome that supports cross border trade and investment, and sustainable inclusive growth.