Ben Jones, Susan Seabrook, Sebastiano Sciliberto and Georgina Jones (Eversheds Sutherland) provide an overview of the different unilateral approaches and international efforts to determine a multinational solution.
Digitalisation has been observed to be the most significant development in the global economy since the industrial revolution. Recent technological advances have driven dynamic changes in how and where companies do business and this pace of change seems unlikely to slow.
This has created significant concerns for taxation authorities around the world which can see huge profits being generated by businesses at the forefront of the digital economy revolution but struggle to tax such profits under the existing international tax framework. This issue has also crossed over into the mainstream in the form of political and media pressure to ensure that multinational business pays its fair share of tax in the countries where profits are generated giving additional focus and impetus...
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Ben Jones, Susan Seabrook, Sebastiano Sciliberto and Georgina Jones (Eversheds Sutherland) provide an overview of the different unilateral approaches and international efforts to determine a multinational solution.
Digitalisation has been observed to be the most significant development in the global economy since the industrial revolution. Recent technological advances have driven dynamic changes in how and where companies do business and this pace of change seems unlikely to slow.
This has created significant concerns for taxation authorities around the world which can see huge profits being generated by businesses at the forefront of the digital economy revolution but struggle to tax such profits under the existing international tax framework. This issue has also crossed over into the mainstream in the form of political and media pressure to ensure that multinational business pays its fair share of tax in the countries where profits are generated giving additional focus and impetus...
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:
