On 4 February the OECD launched a  public consultation on Pillar 1 of the international taxation agreement, which concerns tax allocation rules. Stakeholders are invited to give feedback on the new Draft Rules for Nexus and Revenue Sourcing by no later than 18 February 2022.

The European Commission has announced that it will make a proposal on the reallocation of taxing rights in 2022, once the technical aspects of the multilateral convention are agreed.