On June 5, 2021, the G-7 reached an agreement on OECD BEPS 2.0 Pillar One and Pillar Two initiatives, with promise to repeal Digital Services Taxes (DST).
The Pillar 1 and Pillar 2 OECD blueprints have the potential to completely upend global tax and transfer pricing strategies. Here are the implications.
The Unified Approach is a radical departure from the existing system, in that it overlays formulary apportionment on top of the arm's length principle.
The OECD has released a new Pillar One digital tax proposal known as the Unified Approach, which goes beyond the digital economy and arm's length principle