Protecting the tax base in a digital economy

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August undefined, 2024

Webb16 mars 2024 · Given the nature of these challenges and the difficulty to put borders around the digitalised economy, the approach at this critical juncture is clear: a comprehensive consensus-based solution that deals with both the allocation of taxing rights and the remaining BEPS issues. Webb19 apr. 2024 · Protecting the Tax Base in a Digital Economy United Nations Handbook on Selected Issues in Protecting the Tax Base of Developing Countries, June 2015, ISBN: 978-92-1-159109-5 Osgoode Legal Studies Research Paper No. 78 46 Pages Posted: 19 Apr …

Chapter VIII: Protecting the Tax Base in the Digital Economy

WebbThe digitalisation of the global economy raises significant challenges in terms of taxing corporate income and imposing and collecting value-added tax on cross-border online … Webbtime.In March2024,the EUintroduceda'fair taxation of the digital economy'package.It contained proposals for an interim and long-term digital tax. The European Parliament supported both proposals, widening their scope and coverage and backing integration of digital tax into the proposed Council framework on corporate taxation. kenneth siu short haircut

Understanding digital services taxes & the OECD

Webb11 nov. 2024 · MNE. The result is less tax revenue for countries and a public perception that MNEs do not pay their fair share. The increasing importance in the digital economy of intangible assets, which tend to be more mobile, exacerbates the issue. In 2013 the OECD/G20 launched the BEPS Project to coordinate international tax rules and tackle tax … Webb1 feb. 2024 · The 2024 Act addresses the key issues of nexus and allocation of profit, which are global tax consequences of the digital economy. The 2024 Act adopts a ‘Significant Economic Presence’ (SEP) test to determine nexus of non-resident digital companies operating in Nigeria. Webb2 dec. 2024 · The issue of taxing the digital economy figures ever more prominently on policy agendas around the world, while the OECD is striving to reach international consensus on the matter. We look at the key points in the debate and propose principles for effective and efficient taxation in the digital age. The digital economy is massive and … kenneth slessor beach burial

Tax Administration Issues of Taxing the Digital Economy Tax …

Webbto digital business models, there is a global view that the international tax system needs to be reformed. To deal with this global phenomenon of digitalisation, two major … Webbaddressing the tax challenges of the digitalisation of the economy – policy note © oecd 2024 Under the first pillar, focused on the allocation of taxing rights including nexus … kenneth slater nh grocery storeWebb4 jan. 2024 · Because the OECD has faced difficulties reaching a global consensus, numerous nations have implemented unilateral measures to protect their tax base and tax income derived from certain digital … kenneth sledge wayne city illinois obituary

"WebbProtecting the tax base in the digital economy is Action 1 of the Organisation for Economic Co-operation and Development Action Plan on Base Erosion and Profit Shifting (OECD … " - Protecting the tax base in a digital economy

Protecting the tax base in a digital economy

Taxing Big Tech – IMF F&D - International Monetary Fund

WebbBeyond securing revenues by realigning taxation with economic activities and value creation, the OECD/G20 BEPS Project aims to create a single set of consensus-based … Webb27 jan. 2024 · This chapter evaluates the recent OECD Base Erosion and Profit Shifting (BEPS) initiative directed at global digital income, and concludes that tax planning will not be inhibited by any significant… Expand 1 Digital Services Tax: Challenge of International Cooperation For Harmonization M. Sidik Economics Journal of Tax and Business 2024

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Webb4 juni 2014 · digital economy raises the stakes for those wishing to protect their tax base from not only base erosion due to artificial tax planning structures, but also base … Webb7 maj 2024 · The unprecedented expansion of the digital economy has increased the intricacy of mobilising tax revenues from both domestic and international transactions. …

Webbdigital economy, a large part of profits are generated from unique intangibles such as databases, software and algorithms, and marketing activities making use of brands and … WebbAs a result, the tax challenges and base erosion and profit shifting (BEPS) concerns raised by the digital economy are better identified and addressed by analysing existing structures adopted by MNEs together with new business models and by focusing on the key features of the digital economy and determining which of those features raise or …

WebbThe digital economy is growing rapidly across the globe and, among developing countries, the PRC is a leader. Despite its promise, the global digital economy also poses many challenges, including tax base erosion … WebbTax reform to the Digital Economy has the potential to impact different banks by differing scales (e.g. local vs global banks, and retail vs wholesale banking). An approach that is unilateral, poorly considered and …

WebbBEPS; Digital economy; Permanent establishment; Source of income; Developing countries Abstract Protecting the tax base in the digital economy is Action 1 of the Organisation …

Webb18 apr. 2024 · Protecting the Tax Base in a Digital Economy Jinyan Li Published 18 April 2024 Economics Tax Law: International & Comparative Tax eJournal This paper provides an overview of the main features of digital economy and why it poses challenges to existing framework and principles of international taxation. kenneth slater obituaryWebbProtecting the Tax Base in the Digital Economy Jinyan Li 1. INTRODUCTION Action 1 of the BEPS Action Plan addresses the challenges of the digital economy.1 The reason is simple: “International tax rules, which date back to the 1920’s, have not kept pace with the changing business environment, including the growing importance of intangibles and the digital … kenneth slaughter obituaryWebbIn 2024, 137 out of the 141 countries in the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (IF) reached a landmark agreement on a two-pillar solution to … kenneth slessor north countryWebbThe Pillar Two model rules provide governments a precise template for taking forward the two-pillar solution to address the tax challenges arising from digitalisation and globalisation of the economy agreed in October 2024 by 137 countries and jurisdictions under the OECD/G20 Inclusive Framework on BEPS. kenneth slessor educationWebbProtecting the tax base in the digital economy is Action 1 of the Organisation for Economic Co-operation and Development Action Plan on Base Erosion and Profit Shifting (OECD … kenneth slusher obitWebb18 apr. 2024 · Protecting the Tax Base in a Digital Economy. This paper provides an overview of the main features of digital economy and why it poses challenges to … kenneth slessor themesWebb20 mars 2024 · In principle, the tax should cover revenues generated from the supply of digital services where users and intangible assets contributed significantly to the process of value creation. Finally, the level of revenues generated by the tax should be evaluated by the Commission within two years of the entry into force of the directive. kenneth slone of albany ohio