Africa

COVID-19 and the future of Pillar one

Oliver Treidler, CEO, TP&C GmbH, Berlin, considers how the COVID-19 crisis will likely affect global negotiations to reform the taxation of multinational groups, noting that a delay could give transfer pricing practitioners time to formulate an alternative, updated, concept of value creation to replace Pillar one’s formulaic elements . . .

Africa

137 countries adopt “unified approach” but global tax deal remains uncertain

In a statement released after their January 29–30 meeting, 137 countries that make up the “Inclusive Framework on BEPS” renewed their commitment to try to reach an agreement on an update to the tax rules for multinational groups by the end of 2020 using a two-pillar approach. The member countries also adopted the OECD’s proposed “unified approach,” with important modifications and clarifications, as the basis for further negotiations on pillar one . . .

Africa

OECD celebrates Global Forum’s 10th anniversary

Francesca Amaddeo, a researcher at the Tax Law Competence Centre (SUPSI) in Manno, Switzerland discusses the 10th anniversary celebration of the OECD-led Global Forum on Transparency and Exchange of Information where more than 386 delegates from more than 142 jurisdictions met in Paris . . .