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Multifaceted digital economy issues remain key BEPS concern for taxpayers

Multifaceted digital economy issues remain key BEPS concern for taxpayers
Global
20 May 2014

First published in International Tax Review, 20 May 2014

The increased diversification of the digitised economy presents a major challenge for BEPS initiatives. Lack of a permanent establishment had led to debate over where tax should be applied, even where a digital entity is not practicing a tax avoidance strategy. The prospect of amended tax legislation to address this has raised concerns over the increased risk of double taxation and a regulatory burden on multinationals.

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Taxand's Take

A key focus within the OECD’s BEPS plan is to address the challenges associated with the digital economy. The rapid growth of the internet and online activity within business has raised a number of taxation issues, perhaps the most important of which is how to determine the location of a business’ commercial activity, the permanent establishment.

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