The OECD has released a public suggestion regarding the ‘fairer taxation’ of digital and online international companies, as requested in 2018 by the G20 assembly of developed jurisdictions.
The OECDs proposal contains:
• 3 alternative options for reform of nexus and profit attribution.
• Additional guidelines for minimum levels of taxation in source jurisdictions.
It essentially mirrors the US’ new intangible low-taxed regime on global income (GILTI). The next step is to wait for the results of a public consultation that started this week; a meeting next month in Paris will discuss the next steps once the results are calculated.