On December 13, 2020, Tax Executives Institute, Inc. (TEI), filed comments with the Organisation for Economic Co-operation and Development (OECD) regarding its latest documents addressing the tax challenges of the digitalization of the economy: the Pillar One and Pillar Two Blueprints. TEI’s comments addressed many of the specific technical questions posed by the OECD in its consultation document, including administrative and technical issues related to Amounts A and B under Pillar One, as well as the GloBE under Pillar Two. TEI’s general comments focused on the need for the various unilateral tax measures aimed at the digitalization of the economy to be withdrawn upon an OECD political agreement, as well as the need for relief from double taxation and a binding dispute resolution mechanism. Benjamin R. Shreck, TEI Tax Counsel, coordinated the preparation of TEI’s comments.
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