Warren S. Payne

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G20 Agrees on Framework for Pillars One and Two and Targets 2023 Effective Date

By Michael Lebovitz, Jenny A. Austin, Warren S. Payne, Kenneth Klein, Lucas Giardelli & Tyler M. Johnson on July 14, 2021

Posted in OECD and BEPS, Public Policy and Legislative

On July 10, 2021, the G20 endorsed a broad framework to advance Pillars One and Two, which includes an aggressive timetable for bringing the new rules into force in 2023. The endorsement came in a Communiqué, which approved the July 1 statement by the 139-country Inclusive Framework. The G20 agreement represents a political consensus on…

One Small Step but (Perhaps) One Giant Leap for Global Tax Reform: The G7 Agrees on a Broad Framework for Pillar One and Two

By Michael Lebovitz, Jenny A. Austin, Warren S. Payne, Kenneth Klein, Lucas Giardelli, Astrid Pieron & Tyler M. Johnson on June 28, 2021

Posted in OECD and BEPS, Public Policy and Legislative

On June 5, 2021, the Finance Ministers and Central Bank Governors of the G7 countries issued a Communiqué announcing their agreement on the conceptual framework for a substantial revision to global tax policy (the “Communiqué”). The Communiqué puts the G7’s stamp of approval on recent efforts by the OECD (supported by a big push by…