The OECD released a policy note and hosted a webcast concerning the digital economy.
The OECD hosted a webcast on 29 January 2019, in which it shared a status update about its work into taxing the digitalised economy. In particular, Pascal Saint-Amans, the Director of the OECD’s Centre for Tax Policy and Administration, provided a summary of the Policy Note, Addressing the Tax Challenges of the Digitalised Economy, which was approved by the Inclusive Framework on 23 January 2019. We will be holding a webinar on 8 February discussing these latest developments.
The Policy Note sets out some potential ways to reform the taxation of the digital economy, and is intended to facilitate the emergence of a consensus view on this topic. The Policy Note sets out four proposals (which will be explored by the Inclusive Framework over the coming months on a without prejudice basis), and divides them into two ‘pillars’:
The key next steps are as follows:
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