Statement issued by the Inclusive Framework on BEPS

31 January 2020

According to an OECD press release, the "participants agreed to pursue the negotiation of new rules on where tax should be paid ("nexus" rules) and on what portion of profits they should be taxed ("profit allocation" rules), on the basis of a "Unified Approach" on Pillar One." The OECD describes endorsement of the Unified Approach as "a significant step." Read the full statement here. A Tax Alert is forthcoming.

Document ID: 2020-0239

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