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German Official: Europe Needs US Assurance on Pillar One, Too

May 13, 2022, 9:57 PM

Europe needs assurances just as the US does in implementing the global tax agreement’s tax-reallocation plan, a German official said Friday.

The reallocation plan of the OECD’s tax agreement, known as Pillar One, is envisioned as a replacement for digital service taxes imposed by individual countries, and the US wants assurances the DSTs will be eliminated in exchange for agreeing to the reallocation.

  • In turn, countries in Europe and elsewhere “need assurances the US will agree to Pillar One” in exchange for giving up their DSTs, said Sandy Radmanesh, tax attache at Germany’s embassy in the US, speaking at ...

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