Examining 10 Building Blocks of OECD's Pillar One!

Episode Duration:
70 minutes

Episode Background:
While the BEPS project started in the year 2013, the final reports were released by OECD in 2015, and recently, BEPS measures were also incorporated in the tax treaties through MLI. However, the work on Action 1 – Digital Economy Taxation remained incomplete. In October 2019, the OECD’s Inclusive Framework had released the Secretariat Proposal for a Unified Approach under Pillar One, a twenty-one pager document which contained the broad structure on digital economy taxation.

Substantial work has happened on Pillar One since then and the Blue Print on Pillar One now runs into 227 pages. The Blue Print elaborates on most of the concepts, structure for profit allocation (Amount A), methods for elimination of double taxation, procedural aspects etc. In this regard, it is pertinent to note that this is still at the draft stage, whereby, Inclusive Framework is still working on it, various technical areas are still work in progress, and most importantly, political consensus is yet to be achieved. OECD is working on a very tight deadline and a lot more action is expected on this in the coming weeks, which makes it the apt time to get a thorough understanding on this subject. 

What shall the episode cover?
Against this backdrop, Taxsutra is glad to present to you a special episode on "Examining 10 Building Blocks of OECD's Pillar One" with Mr. Radhakishan Rawal (Chartered Accountant). Over the course of this webinar, Mr. Rawal has dealt with all the ten building blocks of Pillar One, and has given the desired understanding of the proposed new regime with suitable case studies.