The Organisation for Economic Cooperation and Development (OECD) has been pursuing a “Two-Pillar Solution” aimed at alleviating certain global tax challenges that it believes arose from the “digitalisation of the economy.” This OECD two-pillar framework will significantly alter many international tax practices we follow today with a related impact on reported earnings.
This publication provides the key considerations, including how certain financial statement concepts interact with framework, to begin to assess what the OECD’s proposal will mean to them.