Global Digital Tax Plan Rewrite Taking Shape

After U.S. officials effectively withdrew from months-long international negotiations on a global digital tax plan, the Organization for Economic Cooperation and Development (OECD) said this week it will offer some changes for consideration in October. The OECD has been trying to reach agreement among nearly 140 countries on a global tax overhaul to address how… Read more »

U.S. Pulls Out of Digital Tax Talks

The U.S. government has withdrawn from months-long international negotiations on a digital tax deal that Trump administration officials believe would unfairly target large U.S.-based tech companies. The Organization for Economic Cooperation and Development (OECD) has been trying to reach agreement among nearly 140 countries on a global tax overhaul to address how “consumer-facing” digital giants… Read more »

COVID-19 Pandemic Impacting Digital Tax Talks

The global economic downturn caused by the coronavirus pandemic is impacting ongoing discussions on how the digital economy will be taxed. While international negotiators continue to seek agreement on a plan created by the Organization for Economic Cooperation and Development (OECD), some participants remain skeptical that consensus can be reached from more than 130 countries… Read more »

Capitol Hill Closely Watching Global Tax Rewrite

As talks continue in search of a unified approach to taxing the digital economy, the House and Senate tax-writing committees are concerned about the impact any global tax plan would have on U.S. tax revenue. The Organization for Economic Cooperation and Development (OECD) is seeking consensus from more than 130 countries on a plan for… Read more »

OECD Releases Plan for Global Digital Tax

The Organization for Economic Cooperation and Development (OECD) released a proposal Oct. 9 that it says represents a “unified approach” to taxing the digital economy. The OECD plan is based on allocating more corporate profits to countries where multinational corporations have a large market presence. That means some countries with big consumer bases are going… Read more »