On December 17, 2024, TEI submitted comments to the OECD recommending it simplify the Pillar Two reporting requirements. TEI recommend the OECD help coordinate the timing of payments, adjustments, and refunds across jurisdictions, which would reduce MNE's compliance burden. Other recommendations included implementing a robust exchange of information system and a template information reporting form. TEI's comments were drafted by members of its U.S. International and EMEA Direct Tax Committees, along with the Tax Reform Task Force. Benjamin R. Shreck, TEI Tax Counsel, coordinated the preparation of TEI's comments.
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