United States: Treasury request for public input on OECD multilateral convention to implement Amount A of Pillar One
U.S. Treasury announced a request for public input on the OECD Multilateral Convention to Implement Amount A of Pillar One
U.S. Treasury announced a request for public input
The U.S. Treasury Department today announced a request for public input on the OECD Multilateral Convention to Implement Amount A of Pillar One (MLC) and accompanying documents, which were released by the OECD today. Read TaxNewsFlash
The Treasury release notes that the documents represent a years-long effort to find broad consensus among over 140 OECD/G20 Inclusive Framework countries on a reallocation of taxing rights that better reflects the modern global economy. Although certain key pieces of the MLC have already been subject to OECD public consultations and the comments received have been critical to informing previous Inclusive Framework negotiations, this is the first time a complete draft text of the MLC documents are available to the public.
The Treasury Department is especially interested in comments related to novel issues identified by a review of the complete text, implementation and administrability issues (including the balance between simplification and technical precision), and technical adjustments to address errors or clarify the operation of the MLC provisions.
Comments are requested by 11 December 2023.
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