OECD draft provisions define measures akin to digital services taxes

The Organization for Economic Cooperation and Development on Tuesday proposed criteria to define measures similar to digital services taxes that signatories to its Pillar One framework will be required to remove if the multilateral tax agreement takes effect. OECD Inclusive Framework members for years have been negotiating a new international tax structure that would allow countries to tax companies that operate in their jurisdiction without physical presences there, eliminating the need for digital services taxes. More than 135 members of...