On 6 May 2022, the OECD released a public consultation document with respect to the Regulated Financial Services Exclusion for Amount A. This latest consultation document follows four other publications on aspects of Amount A since February relating to nexus and revenue sourcing, tax base determinations, scope, and the extractives exclusion. As with earlier draft model rules, this publication is a work-in-progress and subject to changes. The OECD welcomes comments from the public before 20 May 2022, following which a more detailed commentary on a number of technical items is expected to be released.
Dominick Schirripa is a knowledge lawyer for Baker McKenzie's North America Tax Practice Group in Washington, DC. He focuses his work on providing innovative, result-oriented and strategic legal solutions to legal professionals and clients, utilizing great negotiation, communication and analysis skills, combined with extensive knowledge in tax law. Prior to joining Baker McKenzie, Dominick was a manager of tax policy and research at a tax planning software company. Dominick also worked as a tax law editor and later practice lead for a financial, software, data and media company, directing the delivery of content related to taxation of business entities and tax accounting. Prior to that, he served as a law clerk and attorney with the US Tax Court.