Making Progress: Updates on the OECD Tax Reform Plan

Stephanie Soong, Tax Notes Chief Correspondent, dives into the latest from the OECD’s ambitious two-pillar reform project. She discusses updates on the proposed 15% minimum tax for multinationals and its implications for developing nations. The complexities of the Pillar 1 framework to streamline transfer pricing are addressed, alongside negotiations stalling over its mandatory adoption. Upcoming legal challenges in global tax reform and the fiercely debated digital services taxes are also explored, revealing a turbulent road ahead as the OECD aims for a 2025 rollout.