Double Taxation Still Needs to Be Addressed Following G20 Meeting

The July G20 meeting marked the endorsement of the OECD’s two-pillar solution, but with over 130 jurisdictions joining the agreement, settling some of the key details remains a challenge for global tax policymakers ahead of the next G20 meeting in October 2021, writes Leanna Reeves in International Tax Review. Adopting the two-pillar tax framework will require a significant level of collaboration from tax authorities to mitigate the risk of a double taxation.

Partner James Ross talks to the publication about the need for countries to reach a final agreement on the two-pillar solution.