The European Commission has published a statement on the agreement reached for the OECD's two-pillar solution to address the tax challenges of the digitalisation of the economy. The Commission is reportedly planning to propose two directives for the implementation of each pillar of the two-pillar solution, with the directive for Pillar 2 on minimum effective taxation planned to be published in the first quarter of 2022 and the directive for Pillar 1 on the reallocation of taxing rights to be …