The negotiator of the agreement on the taxation of multinationals leaves the OECD

Pascal Saint-Amans, the main negotiator of the agreement on the taxation of multinationals validated by 137 countries, will leave the OECD, the Paris-based organization announced on Monday.

After 15 years at the OECD, including 10 years as Director of the Center for Tax Policy and Administration (CPAF), Pascal Saint-Amans will leave the organization at the end of October 2022, indicated the Secretary General of OECD, Mathias Cormann, in a statement published on the organization’s website.

As part of the BEPS project, he negotiated the historic agreement reached last year between 137 countries and jurisdictions on the two-pillar solution to address the tax challenges associated with the digitalization and globalization of the economy, continues Mr. Cormann.

The two pillars concern, for the first, the distribution of the taxation of the profits of the 100 largest multinational companies on the planet, including those of digital, and for the second, which is easier to implement, the establishment of a minimum tax of 15% on business profits.

The agreement must now be adopted into the legislation of each of the signatory countries and enter into force on December 31, 2023.

Mr. Saint-Amans also worked for the establishment of the automatic exchange of information on financial accounts as a global standard in 2014, recalls Mr. Cormann.

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He will be replaced from November 1 and until March 31, 2023 by Grace Perez-Navarro, the current deputy director of the CPAF.

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