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International review for June

International review for June

Tim Sarson’s latest summary of international developments.

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Tim Sarson

Partner, Value Chain Management

KPMG in the UK

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While most things in the tax world continue to revolve around COVID-19 disruption and the associated economic fallout, we are now starting to see a shift in emphasis by government policy makers towards economic stimulus packages. June also saw the US Treasury Secretary call for a suspension of talks on pillar one of the OECD’s two-pillar approach to international tax reform. With talks on pillar one on a knife-edge, the stakes on digital taxation are continuing to rise with more countries looking to implement unilateral solutions and the Office of the US Trade Representative announcing the opening of an investigation into the digital service taxes introduced by ten countries, including the UK.

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 month in the international tax arena. This month’s article provides updates on the following:

  • Taxation of the digital economy;
  • Delay to DAC 6 reporting deadlines; and
  • COVID-19.

* First published in Tax Journal on 26 June 2020. Reproduced with permission.

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