Countdown to digital tax
International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX
Copyright © Legal Benchmarking Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Countdown to digital tax

paris-src-leonard-cotte-unsplash.jpg

The OECD held a two-day conference on January 14-15 to allow stakeholders to discuss its blueprints for digital tax reform ahead of the G20/Inclusive Framework meeting later in January.

The Paris-based organisation has to find a final agreement on pillar one and pillar two by mid-2021 or nothing will stop the rise of tax nationalism around the world. A growing number of countries are imposing forms of digital taxes on technology companies to gain revenues they believe to be owed.

Yet the digital tax framework will affect more taxpayers than US corporations such as Apple, Amazon, Google and Facebook. Pharmaceutical companies, for example, are concerned about the consequences for their industry given the importance of intangible assets. Here, Alice Jones, Danish Mehboob and Josh White take a look at the proposals put forward by companies such as Microsoft, Netflix and Unilever in response to the blueprints.

Highlights of the OECD consultation on pillars one and two

Microsoft warns digital tax agenda may fail on its complexity

Uber recommends the OECD rethink Amount A scope

Netflix rejects ‘political’ ring fencing in OECD digital tax blueprints

Unilever: How the OECD could simplify pillar two

more across site & bottom lb ros

More from across our site

Firms with a broad geographic reach are more likely to win work, especially from global companies with high turnovers, according to survey data of nearly 29,000 corporate counsel
Australian businessman Gordon Merchant used EY’s advice to offset an A$85 million capital gain, according to the Federal Court
Griggs has been drafted in ahead of schedule as the incumbent Tim Ryan departs for Citigroup; while the Netherlands plans to scrap a 15% share buyback tax
Authorities must ensure that Russian firms do not use transfer pricing schemes to increase profits made from oil sold in different markets, advocacy organisations have argued
Fallet, a partner at law firm Mauger Muniz Advogados in Brazil, tells ITR about his passion for tax law, the leaders who inspired him, and what makes tax cool
The former chief operating officer will assume the role on July 1
Ahead of next week's Indirect Tax Forum in London, ITR spoke with Christian Van Der Valk of Sovos about how different governments and companies are embracing e-invoicing
Konrad Jeczewski has alleged he was threatened with negative reviews before being made redundant by EY Australia
The suggestion was welcomed by Skadden’s European tax head at a special event on space and tax
A majority of clients – particularly high-earning businesses – want advisers with demonstrable social credentials, according to a survey of more than 28,000 corporate counsel
Gift this article