OECD: Statement following meeting of Inclusive Framework on BEPS

Indicates discussions on both Pillar One and Pillar Two are continuing

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April 11, 2025

The Organisation for Economic Cooperation and Development (OECD) today released a statement following the meeting of the Inclusive Framework (IF) on Base Erosion and Profit Shifting (BEPS) in South Africa from April 7 – 10, 2025.

The brief release included the following statement regarding Pillar One and Pillar Two:

Members recognised the critical importance of securing certainty and stability in the international tax system, in particular with respect to the implementation of Pillar Two and the ongoing Pillar One negotiations, agreeing to continue discussions in furtherance of this objective.

KPMG observation

This was the first opportunity for the Trump Administration to engage with other IF members on Pillar One and Pillar Two since it announced its withdrawal of support for the OECD Global Tax Deal on January 20, 2025. Read TaxNewsFlash

It is difficult to glean too much insight from the OECD statement, but it is notable that in contrast to the discussions on the UN Framework Convention on International Tax Cooperation, it does not appear that the United States has unilaterally withdrawn from negotiations on Pillar One and Pillar Two (or the broader work of the IF). It is also notable that the statement indicates that at this stage discussions on both Pillar One and Two are continuing, and that no decision has been made either to roll back the implementation of Pillar Two or to cease negotiations on Pillar One.

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