Digital Economy Tax

Addressing the tax challenges of the digitalizing economy has become a priority within the OECD as well as within the EU. Both the OECD and the EU have launched proposals and developments follow each other rapidly.

Politically it is clear that both the EU and other jurisdictions wants to levy more tax from ‘digital companies’. Technically, this is a challenge indeed, as the current international tax framework does not facilitate this. So far, each of the options suggested to tax digital companies has substantial downsides. They may result in arbitrary taxation, inequities, double or cascading taxes, etcetera. Moreover, it seems very difficult, if not impossible, to ring-fence the digital economy in a meaningful way.

Fundamental changes seem to be required to achieve the political goals. This could affect both digital and non-digital companies. At Loyens & Loeff, we monitor these developments closely and are at the forefront of the discussions. Our experts on the topic will be happy to inform you in more detail on these developments and how they can affect your business.

News - 23 March 2021 - Global

EU Member States approve DAC7

On 22 March 2021, the Council of the EU amended the directive on administrative cooperation (through the so-called “DAC7”).
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OECD-pillar-one-pillar-two-virtual-meeting
News - 20 January 2021 - Global

OECD virtual meeting on Pillar One and Pillar Two

In this article, our Digital Economy Taxation team shares key takeaways from the two panel sessions dedicated to the Pillar Two Blueprint.
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News - 17 December 2020 - Global

Comments on the OECD’s Pillar 1 and Pillar 2 reports

OECD/G20 Inclusive Framework launched a public consultation document in relation to the released Reports on the Pillar One and Pillar Two Blueprints
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Digital Services Act and Digital Markets Act
News - 02 November 2020 - Global

Latest developments Digital Services Act and Digital Markets Act

Loyens & Loeff discusses latest developments in Kluwer competition blog.
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