Tax Member Loren Ponds commented on the progress of the Organisation for Economic Co-operation and Development (OECD)'s proposals. After years of discussions, position papers, proposals, negotiations, and re-proposals, both the G7 and G20 met in June 2021 and gave approval to the OECD's proposals as outlined in its Pillars 1 and 2. The OECD has been discussing this for years, beginning in 2013 with its identifying Base Erosion and Profit Shifting (BEPS), as an issue that needed to be addressed. Pillar 1 involves reallocation of profit and revised nexus rules, and is concerned with what portion of profits should be taxed in the jurisdictions where clients or users are located. Pillar 2 contains an anti-base erosion mechanism in order to ensure that multinational enterprises pay a minimum level of tax. In response to how difficult these proposals will be to implement in the United States, Ponds said "certainly this administration has been active in the negotiation process. The Treasury Department was able to work with the Inclusive Framework members [the group of countries working to solve BEPS issues] so now there is a proposed 15 percent rate, which is lower than the proposed rate for GILTI." The fact that individual countries were going ahead and enacting their own Digital Services Tax spurred the push to move the OECD agreement ahead, Ponds indicated: "They knew they were working against the clock."