The Resource Taxing the digital economy : Pillar One is not BEPS 2

Taxing the digital economy : Pillar One is not BEPS 2

Label
Taxing the digital economy : Pillar One is not BEPS 2
Title
Taxing the digital economy : Pillar One is not BEPS 2
Creator
Subject
Language
eng
Summary
The Unified Approach issued by the OECD Secretariat on 9 October 2019 is the OECD's most recent attempt to find international consensus on BEPS Action Item 1, "Taxing the Digital Economy". The authors assess that the Pillar One proposals in the Unified Approach suffer from several defects, the most important of which is their apparent abandonment of the arm's-length principle. The overarching goal behind the 15 BEPS Action Items issued in 2013 was to strengthen the international tax system by removing egregious tax loopholes and ensuring that profits were taxed where economic activities occurred and value was created. In their view, the Pillar One proposals are not "BEPS 2"; they do not share the same agenda, do not build on international tax and transfer pricing principles, and will weaken, not strengthen, the current system. They believe that the current tax and transfer pricing rules, inclusive of BEPS 1 changes, can encompass the digital economy. They offer six policy recommendations designed to move the global economy onto the BEPS 2 path, a path appropriate for 21st century digital multinationals that will benefit both developed and developing countries
Citation source
In: Tax management international journal. - Arlington. - (13 December 2019) ; 12 p
http://library.link/vocab/creatorName
  • Eden, L
  • Treidler, O
Geographic coverage
International
Language note
English
http://library.link/vocab/subjectName
  • OECD
  • digital economy
  • BEPS Project (OECD)
  • Unified Approach (OECD)
  • Pillar 1 (OECD)
  • transfer pricing
  • arm's length principle
  • nexus
  • allocation of taxing rights
Label
Taxing the digital economy : Pillar One is not BEPS 2
Instantiates
Publication
Label
Taxing the digital economy : Pillar One is not BEPS 2
Publication

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