Taxation

In an era of unprecedented digital transformation, taxation of the digitalised economy is a leading topic on the global tax agenda.

Digital transformations and technologies should be seen as an aid and not a hindrance to fair and efficient tax systems, argued participants at an international tax conference in Munich, Germany.

Recent months have seen governments around the world lay out proposals for taxing the digital economy. ICC recommends that any measures be developed on the basis of international tax rules and seek an alignment with global efforts.

Determining how to best mobilise public funds is essential for sustainable development—particularly for developing countries. A holistic approach to tax policy, centred on economic growth, is key.

ICC has expressed concern at the recent European Commission (EC) proposals to adopt new rules for taxing the digital economy within the single market, which would essentially create new tax barriers and ultimately undermine global efforts to establish a consistent international tax landscape.

ICC is pleased to announce the appointment of Susana Bokobo as the new Vice-Chair of the ICC Commission on Taxation. Ms Bokobo will take over from Paul Morton who transitioned to the position of Technical Advisor earlier this year.

A major international tax conference which took place in Munich last week, was a prime opportunity to set the business agenda and discuss key policy issues, with a view to facilitating cross-border trade and investment.

A multilateral convention signed on 7 June 2017 at the Organisation for Economic Co-operation and Development (OECD) in Paris, France will swiftly implement a series of tax treaty measures as a result of negotiations involving more than 100 countries and jurisdictions.

In response to a growing lack of trust between multinational companies and the general public over tax matters, ICC has released a new set guidelines on tax principles as business seeks to publicly commit itself to international standards of transparency and cooperation.

The International Chamber of Commerce (ICC) welcomes a ruling announced by the French Constitutional Court last Thursday, that the public disclosure of country-by-country reporting (CbCR) is a disproportionate violation of entrepreneurial freedom.