Digitalisation: “The global tax rules are changing”–Pascal Saint-Amans, OECD tax chief

Everybody agrees that tech giants and all other businesses should pay their fair share of taxes where they create value. But is a digital tax the way to go? OECD tax chief Pascal Saint-Amans says no. The OECD has secured an agreement among 127 countries and jurisdictions to spearhead talks on changing the rules of the taxation game: shifting more taxing rights to market jurisdictions where goods and services—digital or not—are being consumed…away from the countries where multinational companies are headquartered. What’s at stake? Nothing short of changing fundamental tax rules to address the 21st century’s globalised and digitalising economy.

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