Legal Alert: We are not in Kansas anymore – OECD proposes way forward for digital tax solution
Posted on Feb 1, 2019 in Uncategorized
The OECD has again weighed in on the question of taxation of the digital economy, following on its original report as part of Action 1 of the BEPS initiative. On January 29, 2019, the OECD issued a policy note that sets out two “pillars” to evaluate proposals for a global digital tax solution. The first pillar focuses on the allocation of taxing rights. The second pillar focuses on anti-BEPS measures. The OECD’s approach is important as it continues to consider significant changes to historic concepts, and as multiple taxing jurisdictions, as well as the European Union, have introduced their own proposals aimed at taxing the digital economy.