Options for taxing the digital economy

Descripción

A New Zealand Government consultation document seeking feedback on options for taxing the digital economy. Options proposed include introducing a digital services tax of 2-3% on gross turnover for certain digital services providers, and options being considered by the OECD. The OECD is considering two broad measures: one to allocate greater taxing rights over a multinational’s profits to market countries, and the other is that multinationals pay a minimum level of tax on profits earned in low tax countries.