The recent international agreement on the OECD’s two-pillar approach is intended to take unilateral digital tax measures off the table and put an end to these trade wars. But that does not necessarily mean there is no further role for trade law in this area, write Brin Rajathurai and Lorand Bartels (Freshfields Bruckhaus Deringer).
Recent years have seen numerous attempts to levy more tax from the world’s biggest digital players. There have been a variety of drivers behind this not least a desire to ensure that multinationals pay their ‘fair share’ and public pressure for action against ‘big tech’. But beyond this there has been a growing sense that the existing tax system is not fit for purpose in an increasingly digitalised and globalised world and more pragmatically there is now also a need for more funds to aid recovery following the covid-19 pandemic. This combination...
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The recent international agreement on the OECD’s two-pillar approach is intended to take unilateral digital tax measures off the table and put an end to these trade wars. But that does not necessarily mean there is no further role for trade law in this area, write Brin Rajathurai and Lorand Bartels (Freshfields Bruckhaus Deringer).
Recent years have seen numerous attempts to levy more tax from the world’s biggest digital players. There have been a variety of drivers behind this not least a desire to ensure that multinationals pay their ‘fair share’ and public pressure for action against ‘big tech’. But beyond this there has been a growing sense that the existing tax system is not fit for purpose in an increasingly digitalised and globalised world and more pragmatically there is now also a need for more funds to aid recovery following the covid-19 pandemic. This combination...
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:
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