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Spring Statement 2018: International consensus needed on digital economy taxation

International consensus needed on digital economy tax

Commenting on the Spring Statement, Melissa Geiger, head of international tax at KPMG in the UK, said:


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“The Government has clearly listened to the consultation feedback on taxing the digital economy and is taking a bold step in stating its position to help shape the international debate. It is encouraging that the Chancellor will take the issue as a talking point to the upcoming OECD Forum. 

“Tax authorities are frustrated by the inability to appropriately tax digital businesses and have a real appetite to secure revenues that adequately reflect how and where value arises. At the same time, we can’t forget that businesses are also still getting to grips with BEPS, struggling with complex UK reforms, such as losses and corporate interest restrictions, and responding to the impact of US tax reform.

“The way we tax the digital economy must change, but first efforts will need to be made in finding an international consensus so that tax authorities can engage collaboratively with the digital economy.”



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For further information please contact:

KPMG Press office

T:  +44 (0) 207 694 8773

Alastair Henry, Citypress (on behalf of KPMG)

M: +44 (0)7738 206 847


About KPMG in the UK

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff.  The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such. 

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