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.
ICC Commission on Taxation
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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.
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.
A biannual meeting of the ICC Commission on Taxation, which took place in Paris yesterday, welcomed new Vice-Chairs Christian Kaeser, Global Head of Tax for the Siemens Group and Chris Lenon, founder of Green Tax.