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The U.S. government has withdrawn from months-long international negotiations on a digital tax deal that Trump administration officials believe would unfairly target large U.S.-based tech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 »

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 »

U.S., EU Still Sorting Through Digital Tax Concerns

While international negotiators continue to seek agreement on a plan to rewrite how the digital economy is taxed, some participants remain skeptical that consensus can be reached from more than 130 countries by year’s end. The Organization for Economic Cooperation and Development (OECD) plan for a global minimum tax is focused on allocating more tax… Read more »

U.S. Still Assessing Global Tax Plan

U.S. corporations and government officials are still assessing the implications of a “unified approach” to taxing the digital economy proposed by the Organization for Economic Cooperation and Development. The OECD is trying to get more than 130 countries to agree to a plan next year that is focused on allocating more corporate profits to countries… 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 »