BritishAmerican Business Publishes its Position on Digital Services Taxation: Taxing the 21st Century Economy – Towards a Multilateral Approach
2 December 2019
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London/New York – Today, BritishAmerican Business (BAB) published its position paper on taxing digital services, including a number of recommendations on how to create a fair, modern and global framework for taxation.
The paper, produced by BAB in consultation with its members, stakeholders from the OECD, governments, and academia, concludes that whilst the process of creating a fair framework for taxing digital profits is, and will continue to be, difficult, there is nonetheless cause to be optimistic; stakeholders should use the renewed momentum behind a global solution to refocus their efforts behind the current OECD proposal for a “Unified Approach” under Pillar One.
In light of the development of unilateral proposals such as the UK’s proposed Digital Services Tax, BAB has been a vocal supporter of a multilateral solution that guarantees a high level of consistency across markets, reduces fragmentation and increases regulatory alignment.
You can read the position paper in full here.
About BritishAmerican Business
BritishAmerican Business (BAB) is an exclusive members’ organization; we create networking opportunities for our members, which often lead to business opportunities, through the events and programming that we run. As a policy and advocacy organization we are the voice of transatlantic business; we support policies and action that will protect and enhance the environment for trade and investment between the US and UK.
For more information, please visit www.babinc.org