The Court of Justice of the European Union (hereafter: CJEU) has ruled in its judgment of 30 January 2020 (C-725/18) that the recent expansion of Belgian stock exchange tax to transactions through a foreign intermediary is compatible with European law, i.e. freedom of capital movement and freedom of services pursuant to the Treaty on the Functioning of the European Union (TFEU) as well as their equivalents under the European Economic Area Agreement (EEA). ^[1]

On January 31, 2020, the OECD Secretariat presented the outline of the architecture on a Unified Approach on Pillar One, confirming that it is intended that both automated digital businesses and consumer facing businesses would be in scope. The OECD aims to release a final report on the technical details of the solution under Pillar One by the end of 2020.

Following a meeting of the OECD Inclusive Framework on January 29-30, 2020, on January 31 the OECD Centre for Tax Policy and Administration held a live webcast during which experts from the Center provided an update on the work relating to the tax challenges arising from the digitalization of the economy. In addition to the note on the Pillar One Architecture, an updated programme of work for Pillar One and a revised Progress Report on Pillar Two were also released.