The OECD released for public consultation a Progress Report on the Administration and Tax Certainty Aspects of Amount A of Pillar One, which includes the rules on the administration of the new taxing right and updated tax certainty-related provisions. Amount A of Pillar One introduces a new taxing right over a portion of the profit of large and highly profitable enterprises for jurisdictions in which goods or services are supplied or consumers are located.
The release of the reports, on 6 October, coincided with the 14th plenary meeting of the OECD Inclusive Framework, which took place in Paris on 6-7 October. The OECD also released several other documents in tandem with the consultation document, including the annual Tax Inspectors Without Borders report and a roadmap for developing countries on international tax issues.
International Tax and Treasury