Taxsutra & IFA India Present Panel Discussion on “Digital Deal : 2 Pillar Agenda” With Renowned Policy Experts!

Episode Duration:
100 minutes

Episode Background:
Last week, in a major reform of the international tax system, representatives from 136 countries, including India, signed a global tax deal under the Organisation for Economic Cooperation and Development (OECD)-led framework to tax technology giants like Facebook, Google and Amazon etc. The proposed two-pillar solution of the global tax deal attempts to provide fairer tax rights to market economies where multinationals have sales, (also called as Pillar 1 Solution) and impose a minimum global corporate tax of 15 per cent to eliminate corporate tax arbitrage (also called as Pillar 2 solution). Pertinently, the deal also requires countries to remove all digital services tax and other similar measures and to commit not to introduce such measures in the future.

What shall the episode cover?
Against this backdrop, Taxsutra and International Fiscal Association (IFA) India Branch are delighted to jointly present to you a one-of-a-kind riveting panel discussion on the theme of “Digital Deal – A 2 Pillar Agenda”. This webinar is supported by US-India Strategic Partnership Forum.

Our panel comprising some of the most respected policy experts & practitioners viz. – Mr. Rashmi Ranjan Das (Joint Secretary, FT & TR, CBDT), Mr. Akhilesh Ranjan (Former Member, CBDT), Mr. Rajendra Nayak (Partner, Ernst & Young LLP) & Prof. Suranjali Tandon (National Institute of Public Finance & Policy) had a debate on the current status of the digital deal. The discussion has been moderated by Mr. Mukesh Butani [Chairman, IFA India Branch & Founder, BMR Legal].

Based on their extensive experience, the panelists shall also: 

1. Debate whether the deal is indeed beneficial to all, or whether many countries are continuing only due to an exaggerated sense of loss if they opt out.
2. Discuss the open issues around implementation, what to look out for in the fine print, and what the digital deal means for sovereign tax policies operating in the contours of a multilateral framework.
3. How pressing is the need for an exit mechanism? When tax is no longer an avenue, what are the other alternatives countries could come up with to attract investments – will countries introduce investment linked rebates or turnover linked incentives to attract investment?
4. What should multinationals do proactively before Pillar 2 goes into force?