While some of the answers on how to tax the digital economy
are not going to be what everyone likes, we have to admit they
make for good conversation. The OECD has to handle things just
right. For India, though, there's nothing left to talk about
unless it's formulary.
It's been a big few months for anyone who's getting digital.
First, we had the release of public comments on the OECD's
public consultation. This was a hotly anticipated event in
ITR's London office, and although we had to be patient
before getting our hands on them, it was worth the wait. There
were a range of views, as one might expect, and on pages 12-21
our reporters, plus myself, have analysed companies' views on
the three main suggestions.
In addition, we have an exclusive interview with a
representative from a multinational group that used the public
comments to present their own vision of formulary
Getting digital tax consensus was always going be a tough
ask for the OECD, and they'll be feeling the heat even more
after India made its point of view clear by releasing its own
proposals – and call for public comment – in
April. You can see expert analysis on page 24.
But it's not only in corporate tax that digital issues are
taking centre stage. Indirect tax is also getting into the
digital swing of things through e-invoicing. This magazine
issue doesn't hold back on the topic, with articles on pages
30, 32 and 26.
As if that wasn't enough digital action, we've also taken a
look at potential applications of blockchain in Mexico (page
65), have coverage of recent events from three different
locations: The Asia Tax Forum (page 50), Indirect Tax Forum
(page 26) and Managing Global Tax Disputes Summit (page
All of the aforementioned articles are aimed at getting the
taxpayer perspective, and no piece typifies this approach more
than our cover story (page 40), in which senior reporter and
resident transfer pricing expert Josh White surveyed more than
60 companies on their use of intellectual property.
On top of that, we have our regular sections of news
analysis (page 6) and international updates (page 70), as well
as columns from Keith Brockman (page 3) and Sandy Markwick
(page 64), as well as Giles Parsons (page 82), who is pondering
the question of what the digital future will mean for the
Do remember, if you ever feel the need to get even more
digital than the pages of International Tax Review
magazine, we have plenty more coverage of the most pressing
issues in tax today at www.internationaltaxreview.com
Editor, International Tax Review