Showing 1-12 of 14 blogs
December 2019
Blog
by Jayati Ghosh & Valpy FitzGerald

The negotiations on corporate taxation at the Organization for Economic Cooperation and Development’s (OECD) BEPS Inclusive Framework initiative have rightly generated much discussion, both on the process and on the proposed changes in tax policies. Allison Christians has pointed to several concerns that developing countries have with both: the proposal is one that has maximum acceptability by the great…

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December 2019
Blog
by Martin Hearson & Rasmus Corlin Christensen

The global fight over how—and where—to tax the new digital economy is raging on. Just last week, the Office of the US Trade Representative (USTR) published the conclusions from its investigation into France’s new tax on large tech companies, such as Apple, Facebook, and Google. The USTR found that the French tax discriminates against US companies, and…

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November 2019
Blog
by Sol Picciotto

Developing countries are making a significant contribution to the current efforts to reform international tax in the project on base erosion and profit shifting (BEPS), despite the obstacles they face in making their participation effective. It is welcome that since 2016 participation in the process was open to all countries, through the Inclusive Framework on…

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November 2019
Blog
by Joy Ndubai

In response to Allison Christians’ blog providing suggestions on how the OECD’s consultation on the unified approach could regain equal footing for developing countries, Ben Dickinson points out that the 135 members of the Inclusive Framework (IF) are working together in a participatory way. In emphasizing the need for countries to negotiate as sovereignties rather…

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November 2019
Blog
by Alexandra Readhead

Those of us involved in the mining sector could be forgiven for thinking that the OECD’s program of work on digital tax reform does not apply to us. Companies such as Facebook and Amazon seem to be the obvious targets—i.e., highly digitalised businesses that operate remotely from the countries where their sales arise and thus avoid…

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November 2019
Blog
by Ben Dickinson

In her recent blog, Allison Christians usefully alerts us to some of the challenges and opportunities of the new rules on international taxation being negotiated at the OECD. However, it is important to shed some additional light on the dynamics and context of the Inclusive Framework process. The acute tensions we see in the international…

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November 2019
Blog
by Allison Christians

The public consultation on the OECD Secretariat’s proposed “Unified Approach” to international corporate taxation ends on November 12th. Despite promises of “equal footing,” it seems that countries outside a core group of key players have not really experienced inclusive participation in the process. This sets a dangerous precedent. Procedurally unusual, and troubling The OECD Secretariat’s…

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August 2019
Blog
by Anthony Kibirige

Intangible assets are more valuable than ever before. The Global Intangible Finance Tracker found that 52% of the overall enterprise value of all publicly traded companies worldwide resides in intangibles, with a total worth of US$57.3 trillion. In some sectors like cosmetics, internet and software, media, and drinks, intangibles account for 80-90% of enterprise value….

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August 2019
Blog
by Joy Ndubai

When the OECD’s ‘Inclusive Framework’ invited public input on the possible solutions to the tax challenges of digitalization in February 2019, there was some enthusiasm that the renewed effort would address the overall imbalance in the allocation of taxing rights. The hard and soft law of international tax rules prevents countries taxing multinational enterprises (MNEs)…

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August 2019
Blog
by Martin Hearson

Africa has an important role to play in current plans to reform international tax rules in response to the challenges of the digital economy. Of 132 members of the OECD/G20 ‘Inclusive Framework on BEPS’ (IF), which is leading this work, 24 are African; its steering group has a Nigerian deputy chair, and members from Cote…

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August 2019
Blog
by Lakshmi Narayanan

The difficulties of taxing digital TNCs Taxing Trans-National Corporations (TNCs) that do business through digital platforms is a complex issue for governments. The Organisation for Economic Cooperation and Development (OECD) has been examining the tax challenges of digitalisation of the economy under Action 1 of a global project named Base Erosion and Profit Shifting (BEPS)….

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