This year was characterised by developments in the taxation of the digitalised economy, including the proliferation of unilateral digital services taxes around the world, refinements to US tax reform, the EU mandatory disclosure rules coming into force, more high profile EU state aid cases and an ever-increasing global focus on tax transparency. The pace of change is unlikely to relent in 2020.

In the latest of his regular articles for Tax Journal*, Tim Sarson looks back at some of the interesting developments that unfolded over the past year in the international tax arena. This month’s article looks at:

• Taxation of the digitalised economy;
• The EU’s BEPS response;
• State aid developments; 
• US tax reform; 
• Other notable developments; and
• The year ahead.

* First published in Tax Journal on 29 November 2020. Reproduced with permission.

For further information please contact:

• Tim Sarson