International briefing for June 2018

This month the leaders of the G7 met in Canada with the digital economy being one of the many items on the agenda. Whilst the published declaration made reference to the taxation of the digital economy its wording suggests that no significant progress has yet been made on this topic. As widely reported after leaving the meeting President Trump subsequently declared that the published declaration was no longer endorsed by the USA further limiting the influence of the output of the meeting.

Furthermore the OECD has clarified their proposed timetable for reporting on the taxation of the digital economy. Pascal Saint-Amans speaking at the OECD International tax conference on 4 and 5 June said that comments on the revised timing had been incorrectly reported and confirmed...