The Organisation for Economic Cooperation and Development on 13 February 2020 hosted a webcast concerning the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) relating to the tax challenges arising from the digitalisation of the economy.
The OECD webcast examines the Pillar One and Pillar Two proposals as well as includes a presentation of preliminary results on the revenue and investment effects of the proposals.
A replay of the webcast is available on the OECD website.
A proposed solution to the tax challenges arising from the digitalisation of the economy would have a significant positive impact on global tax revenues, according to a release from the OECD. The analysis suggests the combined effect of the two-pillar solution under discussion would be up to 4% of global corporate income tax revenues, or U.S. $100 billion annually. The revenue gains are broadly similar across high, middle and low-income economies, as a share of corporate tax revenues.