Fair Taxation in the Digital Economy brief policy

Content Provider	Semantic Scholar
Author	Juswanto, Wawan Economist Simms, Rebecca
Copyright Year	2017
Abstract	• Globally, mobile phone subscriptions and internet usage have increased dramatically. This reflects the rapid growth of many developing economies to levels close to that of advanced economies. • As technology merges with the economy, the rise of the digital economy will create challenges for international taxation as well as domestic tax revenue mobilization, including determining where tax must be paid, collecting value-added-tax (VAT), and clarifying the treatment of workers in the new economy. • The first major attempt to align tax policy with today’s contemporary economy was the Action Plan on Base Erosion and Profit Shifting. It stresses the need for change to the traditional jurisdictional approach and identifies 4 vital focus areas: treaty shopping, country-bycountry reporting, dispute resolution, and harmful tax practices. • Drawing support for international tax issues is difficult due to their highly technical nature. With only a few large players dominating the digital economy, however, simplifying compliance for them could capture a majority of the market. • Asia and the Pacific region needs to pull together and push forward the necessary reforms, innovate tax structures and administration, and continue to learn from each other’s experiences. No. 2017-5 (December)
File Format	PDF HTM / HTML
Alternate Webpage(s)	https://www.adb.org/sites/default/files/publication/390261/adbi-pb2017-5.pdf
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article