A Tale of Two Pillars, Part I

Pillar One seeks to create a new taxing right for jurisdictions, with the goal of addressing the mismatch between where profits are taxed and where value is created in the digital economy. Although the OECD has made progress toward implementation of Pillar One, through the 2023 draft of the Multilateral Convention to Implement A of Pillar One, it remains to be seen how the Multilateral Convention will be finalized and how jurisdictions will adopt the taxing right. What issues are left to resolve for the implementation of the Multilateral Convention? What is the role of Amount B and can Amount A be adopted without it? What is the United States’ position with respect to Pillar One? How do digital services taxes and withholding taxes impact Pillar One?

Join us as our co-hosts Kristen Gamboa and Gary Scanlon interview Michael Plowgian, formerly the Deputy Assistant Secretary for International Tax Affairs at the U.S. Department of the Treasury, to explore these issues and more on the latest episode of Inside International Tax.