Pillar One blueprint on nexus, profit allocation challenges of digitalisation issued

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Pillar One blueprint on nexus, profit allocation challenges of digitalisation issued - 15 October 2020

Tax insights

On 12 October 2020, the G20/OECD inclusive framework on base erosion and profit shifting (inclusive framework) released two detailed ”blueprints” in relation to its ongoing work to address the tax challenges arising from the digitalisation of the economy. The Pillar One blueprint sets out “building blocks” for potential future international agreement on rules for taxable presence (nexus) in countries and profit allocation between countries to address tax challenges arising from digitalisation. Comments on the blueprint are invited by 14 December 2020 and a virtual public consultation meeting will be held in January 2021.

Pillar One blueprint on nexus, profit allocation challenges of digitalisation issued
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