Between Two Pillars, Part Deux: Consensus or Contentious?

Treasury Secretary Janet Yellen called July 1, 2021,  “an historic day for economic diplomacy.” In this episode, we explore the statement released by the OECD Inclusive Framework on July 1, reflecting an agreement on a framework for the OECD’s two-pillar approach to tackling the challenges of the digital economy, and examine the many obstacles that must be overcome to turn this agreement into reality. Will the technical details be hammered out by the next G20 meeting in October? Can the EU reach consensus among its members? And if agreement is reached abroad, will the Biden administration be able to implement the two-pillar approach domestically through enacting tax legislation and ratifying new tax treaties? 

Our host Gary Scanlon again hosts Michael Plowgian and Marcus Heyland—both of whom have experience working on the BEPS project at the OECD—to help parse the latest developments at the OECD and G20. 

Inside International Tax Episode 04-2021 | Between Two Pillars: The U.S. at the OECD

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