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Description

Announced G24 Comment on the Two-Pillar solution

The G-24 Working Group on Tax Policy and International Tax Cooperation submitted a comment on the Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy which was agreed upon on 1 July 2021. The G-24 suggests that the percentage of reallocation should be higher or at the very least not be lower than 30% of multinationals’ non-routine profits, since developing countries will not see a difference otherwise in regard to the tax revenues. Furthermore, an elective binding dispute resolution mechanism should be introduced so that issues relating to the "Amount A" can be solved with a binding effect. Moreover, the Group supports the Subject to Tax Rule (STTR) standard to address the base erosion.

Original source

Scope

Policy Area
Taxation
Policy Instrument
Direct taxes incl. digital service taxes
Regulated Economic Activity
cross-cutting
Implementation Level
bi- or plurilateral agreement
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

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2021-09-19
under deliberation

The G-24 Working Group on Tax Policy and International Tax Cooperation submitted a comment on the S…

Key regulatory dimensions

Regulated subjects

The businesses, government agencies or individuals affected by this policy or regulatory change.
producer / supplier
1
Type Private organisation
Economic activity cross-cutting
Category All

Policy change by business practice

The detailed activities within the scope of this policy or regulatory change.
all goods (physical or digital): sale
Regulatory tool
Subordination under digital service tax
Sanctions
Determined by existing law or regulation
Regulated subjects
1
service (any type): sale
Regulatory tool
Subordination under digital service tax
Sanctions
Determined by existing law or regulation
Regulated subjects
1

Policy change by business practice

The detailed activities within the scope of this policy or regulatory change.

all goods (physical or digital): sale

service (any type): sale