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2020 National Transfer Pricing Online: Part 7 - Tax Challenges of Digitalisation

Tuesday, 29 September 2020 - 4:00 PM to
5:30 PM

Registration Time:

Member Price: $75.00

Non Member Price: $95.00

CPD hours:1.50

Part 7: Tax Challenges of Digitalisation

At the beginning of 2020, the OECD supported by a G20 mandate was well on the way to delivering an international consensus-based solution to the tax challenges posed by increasing digitalisation of the global economy by the end of 2020. The solution in mind at the time had two limbs: Pillar 1 (which focuses on the allocation of taxing rights and reviews existing profit allocation and nexus rules) and Pillar 2 (the global anti-base erosion (or GloBE) proposal). Then came COVID-19. Then came the US Trade Representative announcement that it would be investigating the Digital Services Tax (DST) policies in nine countries and the EU. More recently, the US government sought to pause the work on Pillar 1 until later this year, while remaining committed to bringing negotiations related to Pillar 2 to a successful conclusion in 2020.

This session will hear first from the OECD about the latest developments concerning Pillar 1 and Pillar 2. This will be followed by a panel discussion in which our panellists will address a range of matters, including:

Is it as simple as A, B, C?

What does the future look like for transfer pricing rules if Pillar 1 is introduced?

What is the likelihood and potential implications for multinationals of countries taking unilateral action on DST if consensus cannot be reached on Pillar 1?

Should multinationals shift their international tax focus to Pillar 2?

How might Pillars 1 and 2 be implemented and what timetable is under consideration? Are we looking at MLI 2.0?