In the absence of agreement, the OECD's Inclusive Framework on the BEPS adopted, at its last meeting on 8-9 October, detailed blueprints on the two pillars of international tax reform (see EUROPE B12565A19). The OECD has therefore set itself a new deadline - mid-2021 - for reaching an agreement.
“We agree to swiftly address the remaining issues with a view to bringing the process to a successful conclusion by mid-2021 and to resolve technical issues, develop model draft legislation,...