Jeremy Webster (Pinsent Masons) considers the OECD’s public consultation document aimed at providing a consensus-based long-term solution.
What is the consultation?
On 13 February 2019 the OECD issued a public consultation document Addressing the tax challenges of the digitalisation of the economy (see bit.ly/2tsaCg6) inviting comments on its proposals by no later than 6 March 2019.
The consultation follows publication of Tax challenges arising from digitalisation: interim report 2018 produced by the inclusive framework on BEPS working through its Task Force on the Digital Economy. The interim report concluded that there should be a review of the impact of digitalisation on nexus and profit allocation rules.
The consultation period is very short reflecting the time pressure on the OECD to offer a solution. Individual countries are pressing ahead with their own digital services taxes (for example the UK France and India) which the OECD...
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Jeremy Webster (Pinsent Masons) considers the OECD’s public consultation document aimed at providing a consensus-based long-term solution.
What is the consultation?
On 13 February 2019 the OECD issued a public consultation document Addressing the tax challenges of the digitalisation of the economy (see bit.ly/2tsaCg6) inviting comments on its proposals by no later than 6 March 2019.
The consultation follows publication of Tax challenges arising from digitalisation: interim report 2018 produced by the inclusive framework on BEPS working through its Task Force on the Digital Economy. The interim report concluded that there should be a review of the impact of digitalisation on nexus and profit allocation rules.
The consultation period is very short reflecting the time pressure on the OECD to offer a solution. Individual countries are pressing ahead with their own digital services taxes (for example the UK France and India) which the OECD...
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:
