South Centre Comments on Extractives Exclusion, 29 April 2022
South Centre Comments on Amount A: Extractives Exclusion
The South Centre today provided its comments to the OECD Inclusive Framework’s Task Force on Digital Economy (TFDE) on the Amount A: Extractives Exclusion. These rules are part of the overall OECD project on the taxation of the digitalized economy known as Pillar One. They determine the amount of a Multinational Enterprise’s (MNE) profits that will then be partially redistributed to market jurisdictions, which are expected to be largely developing countries.
Extractive Exclusion is of critical importance to developing countries as it is meant to ensure that revenues from natural resources such as mining, oil, gas, etc are excluded from the scope of the tax, known as Amount A.
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This article was tagged: Amount A, Digital Economy, Digital Tax, Digital Taxation, Extractive Industries, Extractives, Inclusive Framework, International Tax, International Tax Cooperation, International Taxation, Multinational Enterprises (MNEs), Organisation for Economic Co-operation and Development (OECD), Pillar One, Task Force on Digital Economy (TFDE), Tax, Tax Cooperation, Tax Law, Tax Policy, Tax Reform, Taxation