The @OECDtax has released its ‘programme of work’ for getting to a solution on the taxation of the digital economy. I’ll be going through it in this thread, and my full story is here: internationaltaxreview.com/Article/387644… The first thing you note in the introduction is that there are big, serious, very-not-easy political questions still to answer. Or, in OECD-speak, "the work programme ... will require an early political steer".

The @OECDtax just dropped their consultation document on taxation of the digitalising economy. Lots of new details in here … let’s read it together. oecd.org/tax/beps/publi… The document outlines three approaches under the banner of ‘revised profit allocation and nexus rules’ (that was Pillar 1 from the two-pager). And a fourth proposal on ‘global anti-base erosion) (aka Pillar 2).