While many existing taxation systems are not currently fit for the digital age, some jurisdictions are taking important steps to adapt their traditional tax regimes to revolutionary digital business models. To mitigate various unilateral measures, the OECD is working on proposals to develop a solution to the tax challenges arising from the digitalization of the economy, based on a twopillar approach. The OECD aims at reaching a consensual solution by 2020. This panel will face taxation of the digital economy from a direct tax perspective, especially including the OECD programme of work, value creation, profit allocation, permanent establishments and tax treaty implications. Law firm practitioners and digital companies’ in-house counsel will lead discussions. This panel will also address indirect taxation issues. Session Co-Chairs David Shapiro Saul Ewing Arnstein & Lehr, Philadelphia;Treasurer, IBA Taxes Committee Christian Wimpissinger Binder Grösswang Rechtsanwälte GmbH, Vienna; Young Lawyers Programme Officer, IBA Taxes Committee Speakers Rodolfo Araujo Head of Tax, iFood, São Paulo Laura Gheorghiu Gowling WLG Canada, Montreal Jessica Kemp Travers Smith, London; Session Reporters Liaison Officer, IBA Taxes Committee Kristin Konschnik Butler Snow, London; Corporate Counsel Forum Liaison Officer, IBA Taxes Committee Luciana Yañez Salgado Zuzunaga Assereto & Zegarra Abogados, Lima