Loren Ponds will speak at the 2022 OECD International Tax Conference on June 27, 2022, in Washington, DC. Ponds will present, as part of a panel, "Pillar One: Part I." 

Pillar One is intended to restore stability to the international tax system. It reallocates taxing rights over 25 percent of the residual profit of the largest and most profitable MNEs to market jurisdictions (Amount A) using a formulaic approach applied to the MNE group's profits. This panel will discuss the overall design of Amount A and some of the key aspects of Amount A such as revenue sourcing, nexus, and tax base.