OECD releases public comments received on Pillar One model draft rules

The OECD has released public comments on the model draft rules for Pillar One. The public consultation closed on 18 February 2022.

OECD releases draft Pillar One model rules, opens public consultation

Comments said that there was a need for predictability, and that any nexus rules covering companies without a a physical presence in a jurisdiction ‘should be clear, measurable, predictable, and applied consistently and neutrally across all industries and business models, and across all jurisdictions’.

Comments also reiterated the need for signatories ‘to adopt and fully implement the new consensus to ensure that all income is properly taxed only once across all applicable jurisdictions’.