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OECD discussion document on the tax challenges of the digital economy

The Organisation for Economic Cooperation and Development (OECD) has published a discussion draft on the tax challenges of the digital economy, intended to address whether current rules mean a company can have a significant digital presence in another country without being liable to tax.  The discussion draft considers the characterisation of income derived from new business models; the application of related source rules; and how to ensure the effective collection of VAT with respect to the cross-border supply of digital goods and services.  It also contains commentary on new business models in the digital economy, including the use of virtual currencies such as Bitcoin.

The OECD is seeking comments on whether it is possible to ring-fence the digital economy from the rest of the economy, and if not, whether specific types of digital transactions could be identified and addressed.

The discussion paper is available here.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date: 23rd April, 2014
Author: Cathy Corns

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