Center for European Studies

  • THE TWO-PILLARS APPROACH TO INTERNATIONAL CORPORATE TAX REFORM: POLITICAL CONTEXT, OPEN TECHNICAL ISSUES AND ECONOMIC IMPLICATIONS FOR THE EUROPEAN UNION

     

#CefESWorkshop2022: The two-pillars approach to international corporate tax reform
Date & Location

Date:
Friday, 14 January 2022

Location:
Online through ZOOM from the University of Milano-Bicocca

Achieving fair taxation of multinational enterprises has been a high priority on the international tax policy agenda for a long time, as governments attempt to find an effective solution to the tax challenges posed by the increasing digitalisation of the economy and the resulting changes in value creation processes. One of the international tax community's main aims in recent years has been to change the way taxing rights are distributed and to introduce a global minimum effective tax.A crucial signal in favour of multilateralism, cross-border cooperation and fair taxation was sent out on 8 October 2021: The OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting agreed on a two-pillar solution to address the tax challenges arising from the digitalisation of the economy.

Scheduled for the 14 January 2022, this virtual event presents a timely opportunity to discuss the outcomes of the global deal on the reform of the international corporate tax framework. The conference will provide a platform for an exchange on the fundamental architecture and elements endorsed in October. We will discuss broader implications at European level and the way forward regarding implementation of the new international tax rules locally.

The conference will be divided into three sessions focusing on:

  • the global tax deal: institutional, business and trade union perspectives (panel 1);
  • the technical aspects of the global tax deal (panel 2);
  • the economic impact of the global tax deal (panel 3).
Part 1. 11-12.00 (CET): The global tax deal: institutional, business and trade union perspectives

Chair: A. Santoro (Professor of Public Finance, University of Milano-Bicocca)

Benjamin Angel (Director, Direct Taxation, DG Taxud)
Gianna Fracassi (Deputy Secretary General, CGIL)
Fabrizia Lapecorella (Director General, Department of Finance, MEF)
Francesca Mariotti (Director General, Confindustria)

Part 2. 12.00-13.00 (CET): The technical aspects of the global tax deal

Chairs: T. Faccio (Head of Secretariat, ICRICT) & M. Maslennikov (Policy Advisor, Oxfam)

Marco Iuvinale (Director, European and International Tax Affairs, MEF)
Giorgia Maffini (Director, PWC, London)
Sol Picciotto (Emeritus Professor of Law, Lancaster University)
Joachim Englisch (Professor of Tax Law, Director of the Institute of Tax Law, University of Münster)

Part 3. 13.00-13.45 (CET): The economic impact of the global tax deal

Chair: A. Stasio (Economist, JRC)

Alexander Klemm (Chief, Tax Policy Division, Fiscal Affairs Dept,IMF)
Giacomo Ricotti (Head, Tax Department, Bank of Italy)