Sharing Ideas that Do Good


Search by topic:


A multilateral proposal to tax digital multinationals

post-image

Facebook and Google have backed a multilateral solution to digital taxes proposed by 134 nations. The OECD released its multinational tax governance framework this week, a key first step in establishing one of the most significant shifts in the international tax system since the 1920s. The proposed changes target digital giants with global turnover of more than $1.23 billion.

The proposal addresses the "excess profit" of sales made by digital multinationals in countries without having a commensurate presence there for tax purposes. The alternative is a proliferation of countries bringing in their own digital services tax laws.

https://www.smh.com.au/politics/federal/most-dramatic-change-in-decades-facebook-google-back-oecd-s-digital-tax-plan-20191010-p52zfc.html



What do you think?


You must be logged in to post a comment.
Comments


Related Posts

Governance

post-image

Australian Institute for Ethics
16 February 2024 by Glenn Barnes 1 Comments

Governance

post-image

Involving the public in selecting the Australian Governor General
14 February 2024 by Glenn Barnes 2 Comments

Governance

post-image

A Mission-Led Industry Policy to Improve Productivity
8 February 2024 by IdeaSpies 1 Comments

Why support us financially?

"Great ideas, research and innovation can come from anyone – so often the best ideas do not have a voice. IdeaSpies provides a platform for people to share ideas that create a better world"
David Thodey AO, Patron