OECD: AICPA Comments on Pillar One Nexus, Revenue Sharing

The AICPA Feb. 22 released comments submitted in response to OECD’s public consultation document Pillar One – Amount A: Draft Model Rules for Nexus and Revenue Sourcing. AICPA recommend that a consensus-based, equitable, and successfully durable rebalancing of multi-jurisdictional taxing rights must have the following elements: (1) Any rules extending taxation nexus to businesses that lack 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; (2) All participant Inclusive Framework jurisdictions must agree: (i) to adopt and fully implement the new consensus ...