Taxing the Digital Economy: Theory, Policy and Practice

Author: Craig Elliffe
Publisher: Cambridge University Press
ISBN: 9781108485241

Published In: May 2021
Format: Hardback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only
Paperback Edition ISBN: 9781108719339

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Description
Contents

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The question of how to tax multinational companies that operate highly digitalised business models is one of the most contested areas of international taxation. The tax paid in the jurisdictions in which these companies operate has not kept pace with their immense growth and the OECD has proposed a new international tax compromise that will allocate taxing rights to market jurisdictions and remove the need to have a physical presence in the taxing jurisdictions in order to sustain taxability. In this work, Craig Elliffe explains the problems with the existing international tax system and its inability to respond to challenges posed by digitalised companies. In addition to looking at how the new international tax rules will work, Elliffe assesses their likely effectiveness and highlights features that are likely to endure in the next waves of international tax reform.

Clearly explains the new OECD/Inclusive Framework proposals for a proposed multilateral international tax system
Explains the historical background of the original international tax compromise and analyses the theory and policies behind it
Highlights the seven key taxation challenges posed by highly digitalised business models

Part I:

1. Taxing cross-border business income

2. The development of digital business

3. Challenges to the tax system posed by the digitalisation of business

4. Responding to the challenges: legal constraints on any changes to the current framework

Part II:

5. The OECD secretariat's and inclusive framework's proposals for multilateral reforms

6. Examining the proposals for multilateral reforms

7. Implementing the proposals for multilateral reforms

8. The influence of alternative policy strategies on the 2020s compromise

9. Interim solutions and long term reforms

Index