The signs are there that the OECD will secure agreement from member countries, on its proposals to tax tech companies in 2021.
The Pillar 1 and 2 proposals will introduce novel concepts to the international tax framework, but the framework at it stands is out of date in terms of the digital economy.
Rishi Sunak has doubled down on a commitment to establish a new global tax on tech firms in the coming months following years of conflict over a new regime targeting Silicon Valley. In a G7 meeting today the chancellor said the new digital tax framework was a “key priority” and called on member nations to reach an “enduring multilateral solution” by the mid-2021 deadline set by the G20
https://www.cityam.com/rishi-sunak-doubles-down-on-2021-deadline-for-global-tech-tax-deal/
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