BACKGROUND INFORMATIONThere is international consensus that current international tax rules have been described as not adequately dealing with digital businesses and services offered remotely. The European Union and the OECD have both been working on their own respective initiatives in recent months, with the OECD’s proposals on Pillar One and Pillar Two appearing to gain most traction amongst the international tax community.OBJECTIVES OF THE SESSIONThe objectives of this session will look to explore the developments in connection with the respective initiatives proposed by the EU and OECD relating to the taxation of the digitalised economy and will focus on the current proposals laid out by the OECD. Unilateral measures being adopted by various jurisdictions will also be explored and their impact on businesses will be discussed.