Tax Challenges of Digitization
Insights from KPMG about the potential impact of proposed reforms on the taxation of the digital economy
Partner & National Leader, Value Chain Management, KPMG US+1 206-913-6697
The challenge of how to tax the digital economy was identified in the OECD's BEPS initiative as Action 1: Addressing the Tax Challenges of the Digital Economy. While intergovernmental groups, including the OECD, are trying to build a consensus around taxation of the digital economy, some countries are taking unilateral actions, such as imposing digital services taxes. As the digitization tax debate continues, multinational companies will need to stay abreast of both short- and long-term developments to navigate and prepare successfully for the resulting changes to the global tax landscape.