Tim Sarson (KPMG) assesses the latest developments that matter in the international tax arena.
Welcome back to my monthly international tax round-up. It looks like the tax world didn’t have much down-time judging by the various updates I report on below.
Taxation of the digitalised economy
As I reported in my final article for 2019 back in November (Tax Journal 29 November) last year was the year where unprecedented progress was made in the taxation of the digitalised economy. In the space of a couple of months we had the OECD turning around proposals focusing on reviewing profit allocation and nexus (the pillar one ‘unified approach’) and the introduction of a globally-agreed minimum tax (the pillar two ‘global anti-base erosion’ (GloBE) proposal) in record time; the EU debating introducing an EU-wide DST; the proliferation of various domestic DSTs across the globe; as well as tension...
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Tim Sarson (KPMG) assesses the latest developments that matter in the international tax arena.
Welcome back to my monthly international tax round-up. It looks like the tax world didn’t have much down-time judging by the various updates I report on below.
Taxation of the digitalised economy
As I reported in my final article for 2019 back in November (Tax Journal 29 November) last year was the year where unprecedented progress was made in the taxation of the digitalised economy. In the space of a couple of months we had the OECD turning around proposals focusing on reviewing profit allocation and nexus (the pillar one ‘unified approach’) and the introduction of a globally-agreed minimum tax (the pillar two ‘global anti-base erosion’ (GloBE) proposal) in record time; the EU debating introducing an EU-wide DST; the proliferation of various domestic DSTs across the globe; as well as tension...
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:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")