Deputy Assistant Secretary of Treasury Michael Plowgian led a team of his Treasury Department colleagues, Elizabeth Bell, Chris Bello, and Huzefa Mun in an exclusive USCIB member tax webinar on October 20 on the draft text of the Multilateral Convention to Implement Amount A of Pillar One (MLC).

The draft text was released just on October 11 and followed the same day with the U.S. Treasury Department consultation request regarding the same.

The Treasury team was joined on the webinar panel by USCIB International Tax Counsel Rick Minor and USCIB Tax Committee Chair John Stowell, head of tax at The Walt Disney Company. Topics discussed were the mechanics of certain U.S.-driven provisions in the MLC, the progress of Amount B deliberations and the latest on the once and potentially future DST moratorium linked to the MLC.

“The webinar discussion was a good warmup to the OECD-USCIB Tax Conference on October 30-31,” said Minor.