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Digital Economy — OECD Proposes Unified Tax Approach

Digital Economy — OECD Proposes Unified Tax Approach

Canadian companies that conduct business internationally should consider impending changes to how the digital economy may be taxed in the future.

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Canadian companies that conduct business internationally should consider impending changes to how the digital economy may be taxed in the future. As part of its ongoing work to address tax challenges arising from the digital economy, the Organisation for Economic Cooperation and Development (OECD) has released a new consultation paper that proposes to take a "unified approach" to ensure that certain multinational enterprises pay tax in countries where they have consumer-facing activities but do not have a physical presence. The OECD's paper discusses possible features of a multilateral approach and expresses concerns that jurisdictions may introduce uncoordinated unilateral tax measures where a global consensus is not reached.

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