Asia-Pacific

Africa

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

February 1, 2020

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 . . .