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Title Addressing the tax challenges of the digital economy, action 1-2015 final report
Published Paris : OECD Publishing, [2015]
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Description 1 online resource (285 pages) : illustrations
Series OECD/G20 base erosion and profit shifting project
Contents Chapter 1. Introduction to tax challenges of the digital economy -- Chapter 2. Fundamental principles of taxation -- Chapter 3. Information and communication technology and its impact on the economy -- Chapter 4. The digital economy, new business models and key features -- Chapter 5. Identifying opportunities for BEPS in the digital economy -- Chapter 6. Tackling BEPS in the digital economy -- Chapter 7. Broader direct tax challenges raised by the digital economy and the options to address them -- Chapter 8. Broader indirect tax challenges raised by the digital economy and the options to address them -- Chapter 9. Evaluation of the broader direct and indirect tax challenges raised by the digital economy and of the options to address them -- Chapter 10. Summary of the conclusions and next steps -- Annex A. Prior work on the digital economy -- Annex B. Typical tax planning structures in integrated business models Annex C. The collection of VAT/GST on imports of low value goods-- Annex D. OECD International VAT/GST Guidelines -- Annex E. Economic incidence of the options to address the broader direct tax challenges of the digital economy
Summary Annotation Addressing base erosion and profit shifting (BEPS) is a key priority of governments. In 2013, OECD and G20 countries, working together on an equal footing, adopted a 15-point Action Plan to address BEPS. This publication is the final report for Action 1
The spread of the digital economy poses challenges for international taxation. This report sets out an analysis of these tax challenges. It notes that because the digital economy is increasingly becoming the economy itself, it would not be feasible to ring-fence the digital economy from the rest of the economy for tax purposes. The report notes, however, that certain business models and key features of the digital economy may exacerbate BEPS risks, and shows the expected impact of measures developed across the BEPS Project on these risks. The report also describes rules and implementation mechanisms to enable efficient collection of value-added tax (VAT) in the country of the consumer in cross-border business-to-consumer transactions, which will help level the playing field between foreign and domestic suppliers. The report also discusses and analyses options to deal with the broader tax challenges raised by the digital economy, noting the need for monitoring developments in the digital economy over time
Bibliography Includes bibliographical references
Notes Online resource; title from PDF title page (OECD iLibrary, viewed October 29, 2015)
Subject Electronic commerce -- Taxation.
Author Organisation for Economic Co-operation and Development. issuing body
ISBN 9264241043 (PDF)
9789264241046 (PDF)