SVP Rick Minor was quoted in both Bloomberg and Tax Notes this week following the February 19 release of the OECD’s new report on Amount B, one of the key components of Pillar One of the OECD’s global two pillar solution project.
In Bloomberg Tax, Minor said: “I feel there remains a degree of uncertainty regarding the prospects for broad adaptation of Amount B, directly and indirectly, on which we had placed considerable value from the outset.” Minor expressed concerns “in the context of a mutual agreement procedure, where a treaty partner isn’t obligated to accept the Amount B analysis of another jurisdiction if the first treaty partner doesn’t agree to Amount B.”
To access the full Bloomberg article, please click here to read with a subscription.
The Tax Notes article, titled, OECD Sets Out Amount B Transfer Pricing Simplification Framework, is also available with a subscription and can be found here.