OECD releases IF Pillar One progress statement

On July 12, the OECD published a press release and an "Outcome Statement" reflecting that the Inclusive Framework has made significant progress but has not reached a final agreement on Pillar One and that once a "small number of specific items are resolved" they will deliver a final Multilateral Convention (MLC) to be agreed by the end of the year. Both documents are attached below. The Outcome Statement notes:

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• The Inclusive Framework has delivered a text of a Multilateral Convention (MLC…