BorderCrossings: BEPS 2.0 in the context of COVID-19

BorderCrossings . . .

With EY transfer pricing and tax professionals

BEPS 2.0 in the context of COVID-19

Amid the disruption brought by the COVID-19 pandemic, companies continue to assess the implications of the Organisation for Economic Co-operation and Development’s (OECD) ongoing project “Addressing the Tax Challenges of the Digitalisation of the Economy” (BEPS 2.0). A key area of focus in this assessment is the OECD Secretariat’s proposal for a unified approach under Pillar One of BEPS 2.0. The proposal set forth suggestions for a new nexus concept and new and revised profit allocation rules that have significant implications for the international tax framework.

On this webcast, we will review the Secretariat proposal for Pillar One and the 31 January 2020 Statement released by the OECD. We will also consider the broader potential impact of COVID-19 on BEPS 2.0 and discuss the following:

• The definitions of the new nexus, the scope of the companies likely to be subject to Pillar One and the computational elements referred to in the Statement as Amounts A, B and C
• The potential impact of COVID-19 on the BEPS 2.0 proposals, particularly as unilateral actions over digital services taxes continue

Panelists

Anne Welsh, Transfer Pricing, Ernst & Young LLP

Sirsha Chatterjee, Transfer Pricing, Ernst & Young LLP

Moderator

Mike McDonald, Transfer Pricing, Ernst & Young LLP