International community renews commitment to multilateral efforts to address tax challenges from digitalisation of the economy
The international community reaffirmed its commitment to reach a consensus-based long-term solution to the tax challenges arising from the digitalisation of the economy, and will continue working toward an agreement by the end of 2020, according to the Statement by the Inclusive Framework on BEPS released by the OECD on January 31, 2020. This was announced in a press release published on the website of the OECD. From the press release: The ...
OECD leading multilateral efforts to address tax challenges from digitalisation of the economy
On 9 October 2019, the OECD Secretariat published a proposal to advance international negotiations to ensure large and highly profitable Multinational Enterprises, including digital companies, pay tax wherever they have significant consumer-facing activities and generate their profits. This was announced in a press release published on the website of the OECD. From the press release: The new OECD proposal brings together common elements of three competing proposals from member countries, and is ...