As part of the ongoing work to develop a solution to the tax challenges of the digitalisation/ globalisation of the economy, the OECD/G20 Inclusive Framework on BEPS published Blueprint Reports in October, with a deadline for comments of 14 December and held two days of virtual public meetings on 14 and 15 January. These public consultation meetings sought to focus on the key questions identified in the consultation document, particularly regarding simplification options and ideas.
Businesses, advisers, trade organisations, academics, and NGOs were eager to ‘have their say’ in relation to the Blueprint Reports for Pillar One and Pillar Two frameworks seeking adjustments to the international tax system to meet the challenges of digitalisation/ globalisation. The OECD received more than 200 response letters with 3,500 pages of comments (marginally more on Pillar Two than on Pillar One), and the virtual public meetings featured over 3,000 viewers.
