Comments on public consultation document on Amount B under Pillar One following outcome statement on BEPS 2.0
In response to the OECD request for comments, KPMG tax professionals submitted a memo with comments
KPMG report: Comments on public consultation document on Amount B under Pillar One
The Organisation for Economic Cooperation and Development (OECD) on 17 July 2023 issued a public consultation document on Amount B under Pillar One [PDF 752 KB]—part of the ongoing work of the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) in implementing the two-pillar solution to address the tax challenges arising from the digitalisation of the economy—following release of the agreed outcome statement on BEPS 2.0. Read TaxNewsFlash
As explained in the accompanying OECD release, Amount B provides for a simplified and streamlined approach to the application of the arm’s length principle to in-country baseline marketing and distribution activities, with a particular focus on the needs of low-capacity countries. The public consultation document outlines the design elements of Amount B and was released in order to obtain input from stakeholders on the technical aspects of Amount B.
In response to the OECD request for comments, KPMG tax professionals submitted a memo with comments [PDF 333 KB] on the OECD’s public consultation document on Amount B under Pillar One.
Read all of the KPMG comment letters to the OECD on BEPS
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