Thread by @SoongJohnston

Second panel of #OECDTaxConference with @ItaiGrinberg Achim Pross, Gael Perraud 🇫🇷 Tracée Fultz @EYIntlTax Loren Ponds @millerchevalier Tim McDonald @ProcterGamble on—what else—pillar 1

Pross lists several reasons why taxpayers should vote for pillar 1: the transition is a big lift but once it gets going, it may be easier than existing rules; it stops unilateral measures; and delivers meaningful stabilization

.@ItaiGrinberg: The forthcoming pillar 1 public document will provide a basic framework for the economy framework of the deal, encapsulated in the elimination rules, the MDSH, understanding how withholding taxes interact with all of that, in context of revenue sourcing rules

We have concerns about the range for in-country returns before pillar 1 MDSH kicks in, we're also concerned that some countries think withholding taxes should be outside the scope of taxes to be taken into account, says Grinberg

Gael Perraud notes the French EU presidency will end in a few days, which was fun, he says (rather wryly).

More time on pillar 1 doesn't necessarily help, it depends what we do with that time. Without any direction, we’ll reopen agreed issues under the October statement. we have to show the momentum is still there and the process is still credible, says Perraud #OECDTaxConference

The TFDE is well advanced on many of the key elements of P1, and there's a really strong willingness from all participants to land somewhere. We have to keep that, we can’t lose that, says Perraud #OECDTaxConference

Starting from where we were two years ago, countries have entered into discussion very pragmatically on amount A dispute resolution, there's full recognition that a strong dispute resolution framework and tax certainty are necessary and that’s real progress, says Perraud