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.
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