Amount A Plan Is a Formulary Approach Test, OECD Official Says

By Andrew Velarde

A key part of a G-20-backed tax reform plan will be a test of whether a formulary approach can be used more widely when it comes to multinational profit allocation, a top OECD official said. Grace Perez-Navarro, the OECD’s deputy tax chief, highlighted elements of a two-pillar global tax overhaul plan that more than 130 countries had agreed on and G-20 finance ministers recently approved. “This major achievement has been a long time coming,” she said July 13 during a webcast organized by the Urban-Brookings Tax Policy Center.

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By Andrew Velarde, posted on Sunday July 18, 2021

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