Facing up to the tax challenges of the global digital economy

13 Mar 2019

An overhaul of the taxation of highly digitised multinationals would challenge long-held conventions on taxable presence and profit allocation if OECD proposals were to go ahead. Jeff VanderWolk, partner at Squire Patton Boggs, examines the viability of the latest OECD consultation on the tax challenges of the digitalisation of the economy

Any moves to overhaul the taxation of highly digitised multinational businesses will impact where a business has a taxable presence in a given jurisdiction and how much profit should be allocated to the activities conducted there

The OECD’s Inclusive Framework on Base Erosion and Profit Shifting (BEPS) issued a public consultation document on 13 February describing several proposals for long-term solutions to tax challenges arising from the digitalisation of the global economy and multinational businesses.

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