The results of the OECD BEPS project are only being incorporated into the international tax system, and yet the OECD is already planning the next major project: On May 28th, 2019, the OECD published a “Program of Work" (hereinafter: PoW) according to which the future tax policy should be based on two pillars. Pillar I aims to finally solve the problems already identified by the BEPS project, above all the so-called “nexus problem". Pillar II is dedicated to the “remaining BEPS issues" and intends to introduce a comprehensive system of minimum taxation to ensure a global minimum tax level. On November 8th, 2019, a public consultation document on Pillar II was published, in which companies and interest groups were invited to share their views and suggestions on the technical implementation of a minimum tax regime by December 2nd, 2019. Valentin Bendlinger presents the results of the Pillar II consultation process in a condensed form.
