Companies that conduct business internationally may want to follow the ongoing global debate on the digital economy and taxation.
KPMG recently submitted its views on potential multilateral tax measures to address the international tax challenges of digitalization to the Organisation for Economic Cooperation and Development (OECD) in response to a public consultation. Specifically, the KPMG submission offers views on the four proposals that the OECD is reviewing concerning revised profit allocation and nexus rules. The KPMG submission identifies design considerations for each tax proposal, along with certain recommendations.
Once the OECD concludes its consultations, it is expected to report on its progress to the G20 Finance Ministers in June 2019, with a view to deliver a multilateral, consensus-based long-term solution in 2020.
Download this edition of the TaxNewsFlash to learn more.
© 2020 KPMG LLP, a Canada limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.