​Large multinational companies may want to follow the Organization for Economic Cooperation and Development (OECD)'s latest consultation on its two-pillar approach to address the tax challenges from the digitalization of the economy. The OECD has now launched the first in a series of planned public consultations to consider different elements of its Pillar One proposal, which is intended to ensure certain multinational enterprises (MNEs) pay tax in countries where they have consumer-facing activities but do not have a physical presence. Specifically, the OECD is asking for feedback on draft model nexus and revenue sourcing rules under "Amount A" of Pillar One, which it notes that not all countries have reached consensus on. Affected parties are asked to provide comments on these elements by February 18, 2022.

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