Digitalisation of the economy— the wide impact of pillars 1 and 2

There has been a lot of discussion in recent months about the digitalisation of the economy, and its potential to change the fundamentals of today’s international tax framework through pillars 1 and 2. We’ve now entered the final stretch. On 12 October, the OECD released almost 500 pages on the technical background to the tax challenges arising [ER1] from the digitalisation of the economy. They are seeking input by December 2020 for a public consultation, and have set a deadline for international agreement by mid-2021.In this episode we outline the framework set out in the pillar 1 and 2 blueprints, discuss how OECD initiatives differ from some of the other commonly referenced measures (such as digital service taxes), and focus specifically on key elements where this may impact a wide range of businesses beyond those traditionally thought of as digital businesses.Hosted by Pieter Deré with guests:About the hostPieter Deré Director International Tax, PwC BelgiumLinkedinAbout the speakersEvi Geerts Director International Tax, PwC BelgiumLinkedInJens KiekensSenior manager International Tax, PwC BelgiumLinkedInGilles FranssensSenior manager International Tax, PwC BelgiumLinkedInHave a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites