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Action Plan 1 Challenges of Taxation in Digital Economy - International Taxation - Income Tax

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..... ed and decision was made to continue working in this area. This continued work led to the delivery of an Interim Report in March 2018 analysing the impact of digitalisation on business models and the relevance of this for the international income tax system. Members of the Inclusive Framework did not converge, however, on the conclusions to be drawn from this analysis and committed instead to continue working together to deliver a final report in 2020 aimed at providing a consensus-based long-te .....

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Action Plan 1 Challenges of Taxation in Digital Economy - International Taxation - Income Tax

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..... on of a PE when the enterprise maintains a website on a server of another enterprise located in a jurisdiction and carries on business through that website. Imposition of a final withholding tax on certain payments for digital goods or services provided by a foreign e-commerce provider or imposition of equalization levy on consideration for certain digital transactions received by a non-resident from a resident or from a non-resident having PE in other contracting state. Consensus based soluti .....

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Action Plan 1 Challenges of Taxation in Digital Economy - International Taxation - Income Tax

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..... that countries can use to protect their tax bases. The global minimum corporate income tax under Pillar Two - with a minimum rate of 15% - is estimated to generate around USD 150 billion in additional global tax revenues annually. Additional benefits will also arise from the stabilization of the international tax system and the increased tax certainty for taxpayers and tax administrations. See Global Anti-Base Erosion Model Rules published on 20 December 2021, which delineate the scope and set o .....

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Action Plan 1 Challenges of Taxation in Digital Economy - International Taxation - Income Tax

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