ICC Policy Statement on Taxation Policy for the Digitalised Economy

  • 26 March 2019

ICC, as the world business organization, representing more than 45 million companies in over 100 countries, works to promote responsible business conduct and a global approach to regulation. In the area of taxation, ICC seeks to promote transparent and non-discriminatory treatment of foreign investments and earnings that eliminate tax obstacles to cross-border trade and investment.

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.