OECD plans public consultation meeting on “blueprints” for taxing large multinationals

The OECD has announced that it will hold public consultation meetings on the Report on the Pillar One Blueprint and the Report on the Pillar Two Blueprint.

The meetings are scheduled for January 14–15 at 2:30–16:30 CET (Day 1) and 13:00–16:30 CET (Day 2) and will be held via Zoom and also live-streamed. The live stream can be accessed at this link.

The two blueprint reports, released October 12, are being considered by a 137-country coalition known as the “Inclusive Framework on BEPS.”

The Inclusive Framework, an OECD-led body, is trying to reach a common agreement on a new set of international tax rules for multinational groups. The goal is to agree to a new international tax scheme that is better suited to taxing companies engaged in the digital economy; however, the latest proposals would go far beyond just taxing digital businesses. 

More than 250 letters from commentators have been published by the OECD in response to its public consultation on the two reports. Many of these commentators are expected to speak at the two-day meeting.

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