Taxation in the digital economy - KPMG United Kingdom
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Taxation in the digital economy

Taxation in the digital economy

How should the international tax framework evolve to respond to the digitalisation of the economy?

How should the international tax framework evolve to respond to the digitalisation of the


The only consensus we currently seem to have is that there is no consensus.  The OECD and EU have issued substantive papers on the subject, but these also highlight the starkly differing views and policy objectives of the various participating countries.  A number of countries have already started the process of introducing their own unilateral measures, with double (or worse) taxation of impacted revenues a very real possibility.
 
But, with the OECD taking the lead on the topic and aiming for a long-term consensus position by 2020, we could be approaching a turning point.
 
The outcome of the multilateral discussions will set the tax environment for decades; the digitalisation of the economy has set the stage for wide-ranging tax reforms that go well beyond the original BEPS project, and which could affect not only businesses but also consumers and national economies. 
 
Those businesses that are up to speed and prepare early will be best-placed to respond to these challenging developments. 
 
Stay up to speed with the latest news in this fast-moving area of International Tax via KPMG’s global network of specialists involved at the cutting-edge.
 
Contact us to hear how we can help you.

 

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