WASHINGTON — Today, global tech trade association ITI issued the following statement from its President and CEO, Jason Oxman, on the OECD/G20 Inclusive Framework’s Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalization of the Economy.
“The political agreement announced today represents a pivotal moment for the OECD/G20 Inclusive Framework, and we look forward to reviewing the details with our member companies. ITI has consistently called for a multilateral, consensus-based approach that recognizes the digitalization of the entire economy and brings about the immediate withdrawal of all unilateral tax measures that attempt to ring-fence the digital economy. While today’s announcement provides clarity in how the OECD/G20 Inclusive Framework intends to address these challenges, we recognize that many outstanding decisions remain. We plan to engage with participating governments ahead of the October meetings to ensure a functioning and dependable global tax system that promotes investment and innovation and provides certainty and predictability for businesses.”