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How the digital tax debate is paving the way for major cross-border tax change
How do you tax digital companies? Will a flat tax on turnover work? And should firms with no physical presence but many users in a country be taxed ? Such issues will challenge tax systems throughout the world.
Any new tax regime developed for digital activity could have enduring impact on cross-border taxation, and should be guided by the key tenets of certainty, consistency and currency, while reducing complexity and confusion.
Half a decade ago, the Group of 20 came together in the wake of the global financial crisis, vowing to address challenges to the international tax system.
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