How Pillar 1 redraws the the global tax base map: a look at the march toward consensus

Tomorrow at 9AM EST, 2PM BST I’ll participate in the Cambridge Tax Discussion Group by presenting my (fairly technical) analysis of the likely impact of the OECD Secretariat’s digital tax proposal. Here is the link to join and here is the abstract:

The OECD continues its mandate to reallocate the global profits of certain digital economy firms for tax purposes. Combining the OECD's own impact analysis with independent research, it is now possible to draw a very rough sketch of how Pillar 1 would accomplish this, and therefore to see how firms and nations are likely to fare under the OECD Secretariat's preferred approach. Even so, it is not clear that there will be enough time for all Inclusive Framework members to move from rough sketch to policy certainty in time to make decisions about whether the Secretariat's approach constitutes a mutually beneficial consensus. In this presentation I will walk through the technical specs of Pillar 1 with an example to demonstrate its policy implications.

I’ll be using this presentation. Looking forward to the discussion!