United States of America: Closed consultation on the draft OECD/G20 Inclusive Framework Multilateral Convention to Implement Amount A of Pillar One (Pillar One MLC) and accompanying documents

On 11 December 2023, the public consultation of the US Department of the Treasury on the draft OECD/G20 Inclusive Framework Multilateral Convention for Pillar One (Pillar One MLC) ended. The Pillar One is part of the OECD Inclusive Framework and aims to update international taxing rights and enhance tax certainty for cross-border transactions. The draft agreement also requires signatory jurisdictions to withdraw discriminatory digital services taxes. The released documents focus on Amount A, with ongoing work on Amount B.