As digitalisation continues to be an important driver for global economic growth, policies related to taxation of the digitalised economy should seek to promote, and not hinder, economic growth and cross-border trade and investment. ICC supports a harmonised approach to ensure that international tax rules remain relevant and applicable in an increasingly digitalised global economy.
The ICC Policy Statement on Taxation Policy for the Digitalised Economy presents a framework of internationally established tax principles, intended to help define the contours of a suitable tax framework for the digitalised economy that encourages business activities, job creation and economic growth. It also reinforces the need to build a coherent international regulatory framework for world business which builds on principles that can accommodate continued evolution in digitalised business models.
ICC proposes a framework of eight internationally established tax principles to serve as a gauge for policy makers, legislators and businesses, in measuring the effectiveness of proposed policies on taxation of the digitalised economy.