The digital economy generates efficiency, promotes growth, boosts innovation and enhances well-being. At the same time, arising the corporate tax challenges, including: How to distribute the income generated from cross-border activities amongst the different jurisdictions in the digital age; The digitalization economy advance facilitates base erosion and profit shifting. These tax challenges put pressure on the international tax system. To address these tax challenges, some countries have adopted unilateral, individualized measures that not only increase tax burdens and compliance costs for taxpayers, but also have a broad negative impact on cross-border business activity and global investment and economic growth. Against this economic and political backdrop, the OECD's inclusive framework begins to seek a global consensus solution to the tax challenges from digitalization, namely the BEPS 2.0 initiative, which consists of two pillars. In October 2020, the OECD/G20 Inclusive Framework released the "Tax Challenges Arising from Digitalization Report on Pillar One Blueprint", which focuses on how much residual profit of the MNEs would be reallocated under the new taxing right amongst different tax jurisdictions.
For more information, please log in the website of OECD: https://www.oecd-ilibrary.org/taxation/tax-challenges-arising-from-digitalisation-report-on-pillar-one-blueprint_beba0634-en;jsessionid=7gZEQmuu6qjx8eVoXFquhy2Y.ip-10-240-5-92
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PUBLISHTIME:2021-08-23 16:13:26 FROM:国家税务总局广州市税务局
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