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 »

Global Digital Tax Plan Expected in October

The Organization for Economic Cooperation and Development (OECD) is expected to produce a “unified approach” to taxing the digital economy in October. The OECD plan is reportedly focused on allocating more corporate profits to countries where multinational corporations have a large market presence. That means some countries are going to see more tax revenue under… Read more »

U.S., France Strike Deal on Digital Tax

American and French negotiators have reached a deal on how to handle France’s new digital tax on technology giants like Apple, Amazon, Facebook and Google. “We have reached a very good agreement,” said French President Emmanuel Macron in a joint press conference with President Trump during the G7 summit Aug. 26. As part of the… Read more »

Tech Industry Still Wary of EU Digital Tax

Plans for a European Union (EU)-wide digital tax on big technology companies like Google, Amazon and Facebook fell apart this month when several European countries objected to the proposal. The push to adopt an EU-wide digital tax was led largely by the UK, France and Germany who want to tax tech companies earning profits in… Read more »

U.K. Digital Tax Concerning to U.S. Tax Authorities

The U.K. announced earlier this week it will implement a new digital services tax aimed at big technology companies like Google, Amazon and Facebook. The U.K. tax will only be aimed at large tech firms that generate global revenue of at least 500 million pounds per year and won’t take effect until 2020, according to… Read more »