A basic primer on ‘the taxation of the digital economy’, the story so far, and what ‘pillar 1’ and ‘pillar 2’ mean - by Eloise Walker (Pinsent Masons).
This article is a basic primer on ‘the taxation of the digital economy’ the story so far and what ‘pillar 1’ and ‘pillar 2’ mean so you can avoid reading the consultations to date and focus on what happens next. Although we will discuss digital taxation the most important point to take away is that the approach of the Organisation for Economic Cooperation and Development (OECD) – enshrined in pillar 1 and pillar 2 – are not really about digital taxation at all but radically changing the system of international taxing rights across all consumer-facing industries.
But before we plunge into that it is important to start at the beginning because it informs the foundational assumption of...
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A basic primer on ‘the taxation of the digital economy’, the story so far, and what ‘pillar 1’ and ‘pillar 2’ mean - by Eloise Walker (Pinsent Masons).
This article is a basic primer on ‘the taxation of the digital economy’ the story so far and what ‘pillar 1’ and ‘pillar 2’ mean so you can avoid reading the consultations to date and focus on what happens next. Although we will discuss digital taxation the most important point to take away is that the approach of the Organisation for Economic Cooperation and Development (OECD) – enshrined in pillar 1 and pillar 2 – are not really about digital taxation at all but radically changing the system of international taxing rights across all consumer-facing industries.
But before we plunge into that it is important to start at the beginning because it informs the foundational assumption of...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
