The OECD has now released a new consultation paper on its draft model rules on the regulated financial services exclusion, as part of its proposal to ensure certain 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 rules for the regulated financial services exclusion under "Amount A" of Pillar One. Affected parties are asked to provide comments on these rules by May 20, 2022.

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