Why ‘Digital Taxes’ Are the New Trade War Flashpoint
A further discussion on the possible treatment of digital taxes in today's world where it has its hugest economic presence. ... - Continue reading
Category: Digital Services
Indonesia defends digital tax policy despite US scrutiny
The USA seems to be relentless at discouraging the trending 'Digital Tax which seems inevitable now. France has also already shown a keenness towards its imposition, and now it's the turn of Indonesia. ... - Continue reading
Move to tax online sellers ‘unnecessary, insensitive’
Senator Sherwin Gatchalian expressed his disagreement concerning the treatment of online taxes. ... - Continue reading
UK: The UK’s Digital Services Tax: Where Are We Now?
The United Kingdom has decided to forge ahead with its implementation of the digital Services Tax (DST). ... - Continue reading
Expert urges Kenya to reconsider imposing tax on digital platforms
Bitange Ndemo, a former principal secretary in the ministry of ICT warns against the taxation of non-domiciled digital companies and advises the government to review its decision. ... - Continue reading
OECD officials note disagreement over digital tax update, reveal plans for tax and transfer pricing guidance
Disagreement registered around the 'Pillar One' of the OECD. ... - Continue reading
India’s new 2 percent equalisation levy on the digital economy enters into force
Digital world - Make space for an equalisation levy! ... - Continue reading
Tax Policy After Coronavirus: Clearing a Path to Economic Recovery
COVID-19 has forced the whole economic world to halt and alter its processes in order to be able to keep functioning as much as is possible. Here are some further proposed adjustments in the wake of the COVID-19. ... - Continue reading
G20 finance ministers agree to continue work on taxation of digital economy
Over a virtual meeting due to the lockdown, G20 finance ministers have decided to keep on with their digital tax reform plan despite the COVID-19 pandemic.
OECD should pause digital tax negotiations, US business group says
The United States Council for International Business (USCIB) suggests temporary halt to negotiations around digital tax handling for multinationals. ... - Continue reading
UK seeks to raise £500m from digital services tax
The United Kingdom unwilling to forsake revenue generated from the digital industry. ... - Continue reading
OECD releases 79 public comments responding to review of country-by-country reporting scheme
Is a public country-by-country reporting of multinationals' tax information to be expected soon? ... - Continue reading
India wants fair share of $100 billion global taxes from Google, Facebook
The digital world continues to be under the lens of the OECD as India further pushes for better 'tax collection' methodology. ... - Continue reading
Mark Zuckerberg Requires’New Framework’ to get Digital Tax at OECD Countries
Facebook founder and CEO Mark Zuckerberg on Friday endorsed moves from the OECD set of free-market markets to reform how online giants have been taxed globally, even if this means firms like his spending more to federal governments. “We also need tax reform and I am thankful the OECD is… – Continue reading
United States: The OECD Unified Approach Marches (Stumbles?) Forward
The OECD Secretariat proposed the Unified Approach in October 2019 to address the tax challenges arising from the digitalization of the economy. ... - Continue reading
The train has left the station: OECD tax officials discuss state of play for pillar one and two
In a tax conference, OECD has discussed about the Unified Approach in order to tax digital giants more efficiently. ... - Continue reading
France wants a solution for US dispute on digital tax within 15 days
Can a fortnight provide a solution for the tax dispute between the USA and France? This should be made aware in the days to come, but right now let's find out the details to this situation. ... - Continue reading
Digital services tax and OECD digital taxation pillars
The organisation for economic co-operation and development is keeping its focus on the taxation of digital world. ... - Continue reading
Finance Ministry: Ensuring no double taxation from digital tax
The government of Malaysia is putting into effect several measures in an attempt to prevent double taxation arising from digital tax. ... - Continue reading
Google to pay A$481.5m in major win for Australian Tax Office
Search engine giant’s settlement brings to A$1.25bn the amount collected from ecommerce players ... - Continue reading
How major tech companies exploit tax laws: A focus on Ghana and Nigeria
When World Trade Organisation (WTO) officials designed the territorial taxing rights back in the 1920s, not many people imagined that a century later; these guidelines would still underpin the international tax system. Today, highly digitalised companies such as Facebook and Google are able to operate internationally from their tax havens,… – Continue reading
Greece forces citizens to spend more online in tax evasion crackdown
Greeks will be forced to spend around a third of their income using electronic means if they want to avoid substantial fines designed to stamp out rampant tax evasion. ... - Continue reading
Spain planning on going ahead with ‘Google tax’ despite US tariff threats
The aim is to bring the system “into the 21st century” by imposing a 3% levy on tech giants such as Amazon, but first a government must be formed Spain will press ahead with the creation of a tax on certain digital services as soon as a government is formed,… – Continue reading
Amazon most ‘aggressive’ in $100bn global tax avoidance
Amazon has been accused of being the most ‘aggressive’ in avoiding tax, compared with other tech giants, by tax transparency campaign group Fair Tax Mark. ... - Continue reading
New study deems Amazon worst for ‘aggressive’ tax avoidance
The big six US tech firms have been accused of “aggressively avoiding” $100bn (£75bn) of global tax over the past decade. ... - Continue reading
Taxing the world of cryptocurrencies is complicated
An insight into the world of "cryptocurrencies" ... - Continue reading
OECD invites public inputs on Global Anti-Base Erosion proposal
Bad news for multinational corporations and international businesses : OECD could implement a new law which would require them to pay at least a minimum corporate tax in countries concerned. ... - Continue reading
Will Samsung, Hyundai have to pay digital tax overseas?
Big changes ahead : Samsung Electronics, LG Electronics and other top-tier South Korean companies might have to pay corporate taxes even in countries where they have no physical presence. Here's how. ... - Continue reading
Canada: OECD Releases Proposal For “Unified Approach” Under Pillar One For Addressing Taxation Of The Digital Economy
On October 9, 2019, the Organisation for Economic Co-operation and Development (OECD) issued its proposal for addressing the tax challenges of the digital economy. ... - Continue reading
OECD is not the right place to reform international tax rules
On October 9, the Organisation for Economic Co-operation and Development secretariat published its proposed ‘unified approach’ to reform international tax rules, seeking to address the tax challenges of digitalisation. ... - Continue reading
Turkey proposes 7.5 percent digital services tax on large multinationals
Turkey’s Ministry of Treasury and Finance on 23 October released a draft law introducing a digital services tax, sending it to the Turkish Parliament for ratification. ... - Continue reading
OECD director, tax experts, explore proposed “unified approach to pillar one” for taxing multinational groups
Highlights of the “unified approach to pillar one” proposal ... - Continue reading
G20 finance ministers reaffirm support to tax digital companies
G20 finance ministers support taking the 'Unified Tax Framework' a notch higher - Multinational enterprises like Google, Facebook and Amazon with huge customer base to retain share of profits in concerned countries. ... - Continue reading
OECD proposal on taxing MNEs to benefit countries like India, say experts
The OECD Secretariat has published a public consultation paper to advance international negotiations ... - Continue reading
Turkey: new tax audit wave focuses on non-resident digital companies
Turkey’s government has initiated a new wave of tax audits scrutinizing the taxation of non-resident taxpayers engaged in the digital economy. ... - Continue reading
Africa needs disruptive tax policy to tax digital businesses
Panelists of the 7th Pan African Conference on tax and Illicit financial flows, stress that Africa needs disruptive tax policies that respond to the positively disruptive digital businesses such as uber. ... - Continue reading
EU ready to act alone on digital tax if no global deal in 2020
Ramping up pressure on multinationals accused of paying too little. ... - Continue reading
Taxation of the digital economy, future of debt, and other OECD updates during the IFA Congress 2019 in London
The IFA Congress 2019, held 8-12 September in London, brought together leading international tax and transfer pricing experts from around the world. ... - Continue reading
Mexico 2020 tax reform: big changes proposed for foreign companies doing business in Mexico
On September 8, the executive branch of the Mexican government introduced Mexico 2020 tax reform, proposing far-reaching changes to the Mexican income tax, value-added tax, and Federal Tax Code. ... - Continue reading
EU Commission’s tax policy 2019 – 2024: What can we expect?
The start of a new European Commission also means setting new political priorities in the EU tax field. ... - Continue reading
Saint Amans provides update on digital tax reform effort
The preliminary results of an impact assessment reveal that proposals advanced in an OECD-led effort to update the global rules for taxing digital businesses would not create large changes to countries’ existing taxing rights, Pascal Saint-Amans, OECD Director of the Centre for Tax Policy and Administration, said September 11. ... - Continue reading
Mexico proposes new rules to tax highly digitalized businesses
A bill was introduced to the Mexican Congress on August 21 to tax digital platforms. ... - Continue reading
US, France reach deal on digital services tax
French President Emmanuel Macron today confirmed that the US and France have reached a compromise agreement which requires France to refund all digital services tax (DST) paid by multinationals once a new international system for taxing multinationals in the digital sector is in place. ... - Continue reading
Worldwide: OECD Public Consultation Document And Public Commentary On The Tax Challenges Of Digitalisation
In February and March of 2019, the OECD organized a public consultation process, releasing a consultation document on February 13, 2019, inviting public comments up until March 6, 2019, and holding a conference where industry experts presented key issues on March 13 and 14, 2019. ... - Continue reading
G7 finance ministers agree on some features of international tax rewrite
G7 finance ministers, at their meeting in Chantilly, France on July 17–18, agreed to several aspects of a revised system for taxing multinationals. ... - Continue reading
UK Finance Bill 2019-20: what international businesses need to know
Draft legislation and explanatory notes to the UK Finance Bill 2019-20 were published on 11 July. Much of the legislation was anticipated with some further clarifications provided. ... - Continue reading
French DST passed by Parliament clarifies location of users
The French Parliament definitively adopted, on July 11 the digital services (DST) after a vote of the Senate. ... - Continue reading
OECD Finds Tax Automatic Exchange has Increased Transparency, Agrees on Digital Economy Taxation Roadmap
6 July 2019: In the lead up to the Group of 20 (G20) Finance Ministers and Central Bank Governors’ Meeting, the Organisation for Economic Co-operation and Development (OECD) released data that show that automatic exchange of information on financial accounts is improving tax compliance and delivering concrete results for governments… – Continue reading
On turnover-based taxes and digital taxes: the EU Advocate General’s opinion in Vodafone
AG Kokott answers questions of the Hungarian national court ... - Continue reading
