OECD weighs in on digital taxation saga
The Organisation for Economic Co-operation and Development (OECD) has put forward its own proposals on new tax regimes in the digital economy as the threat of fragmentation lingers.
The Organisation for Economic Co-operation and Development (OECD) has put forward its own proposals on new tax regimes in the digital economy as the threat of fragmentation lingers.
The US has proved it can still throw its weight around the international community as French President Emmanuel Macron has taken a softer-stance on the country’s Digital Sales Tax.
The United States Trade Representative (USTR) has opened an investigation into France’s digital sales tax, a move which could lead to the European nation facing trade tariffs.
The days of the wild-west internet seem to be coming to a close with Austria and Australia becoming the latest nations to update the rules governing the business activities of the internet giants.
Europe ambitious plans to hold the internet giants accountable to fair and reasonable taxation have been temporarily scuppered after resistance from several nations, most notably France and Germany.
Fears over a reaction from the US has sent Finance Ministers from Ireland, Sweden and Denmark cowering back to their spreadsheets as the EU digital tax hits an early stumbling block.
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