Sign up for tax alert emails    GTNU homepage    Tax newsroom    Email document    Print document    Download document

June 11, 2019

Global debate over revisions to nexus and profit allocation rules affects all multinational business

The OECD’s recently unveiled Workplan on addressing the digitalization of the economy, envisions global agreement on revised nexus and profit allocation rules and new minimum tax rules, which will have significant implications well beyond digital companies and digital business models. There are 129 jurisdictions participating in the OECD project, which has an aggressive timeline of consensus agreement on new rules in 2020. Tune in on 18 June 2019 for EY’s global thought center webcast on the OECD Workplan and what the new rules would mean for multinational businesses (register here and bookmark to hear the replay here). Listen to a webcast replay from EY's April webcast to hear a global panel explain how the OECD proposals affect where and how profits derived from global business operations will be taxed and what the repercussions are for the business operations of taxpayers.



The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.


Copyright © 2023, Ernst & Young LLP.


All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.


Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.


"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.


Privacy  |  Cookies  |  BCR  |  Legal  |  Global Code of Conduct