Categories: Economy

Digitalised Economy Taxation: analysing the OECD approach

The question of how to tax the digitalised economy has been high on the political agenda over the past year. The directives presented by the European Commission in March 2018 did not receive sufficient support at the ECOFIN Council meeting in December. The focus is now on the OECD who is expected to present a report in 2020 with the aim of receiving global consensus. As presented at the Inclusive Framework meeting in January, the Organisation for Economic Co-operation and Development OECD work is based on three different approaches:

  • The marketing intangibles approach, recommended by the USA, according to which a company’s profit should be allocated to a market jurisdiction based on investment in marketing intangibles in that jurisdiction. This is a broad approach affecting all companies and not only those with digital services.
  • The user participation approach, recommended by the UK, stating that profits should be allocated based on the location of users that interact with digital companies. This approach targets only companies with digital services.
  • A global minimum tax, recommended by Germany and France, based on the GILTI provision in the US tax law. This approach is viewed as an add-on to the first two.

Copenhagen Economics will present a study on how the marketing intangibles approach will affect small export-oriented countries. The panel will then give their views on the pros and cons of the user participation and marketing intangibles approach.

Date: Tuesday, 19 February 2019 14:00 – 16:00
Venue: BUSINESSEUROPE, Adenauer Room

14.00 – 14.10 Introduction by Krister Andersson, Chairman of the Tax Policy Group, BUSINESSEUROPE
14.10 – 15.00 Presentation by Sigurd Næss-Schmidt, Copenhagen Economics

15.00 – 15.30 Panel discussion moderated by: Krister Andersson

With: Ministry of Finance (tbc)
Georg Geberth, Global Tax Policy Director, Siemens
Sigurd Næss-Schmidt, Copenhagen Economics
15.30 – 16.00 Debate

OECD

The Organisation for Economic Co-operation and Development is an intergovernmental economic organisation with 36 member countries, founded in 1961 to stimulate economic progress and world trade.

EU Debates! You?

Your opinion counts!

EUdebates Team

SHARE your ideas online and JOIN us for a better Europe. eudebates! Your opinion counts! eudebates.tv The unique initiative aiming to promote debate, dialogue, knowledge, participation and communication among citizens.

Recent EU debates

Watch State of the Union live: Ursula von der Leyen gives 2022 address #SOTEU

President Ursula von der Leyen debates priorities ahead of hard winter at the State of the European Union #SOTEU at…

2 years ago

EU steps up solidarity with refugees fleeing Ukraine

More than two million refugees have now been forced to flee their homes in Ukraine to find safety in neighbouring…

3 years ago

REPowerEU to get rid of the dependencies of Russian fossil fuel

The European Commission proposed an outline of a plan to make Europe independent from Russian fossil fuels well before 2030, starting with gas, in…

3 years ago

EU sanctions against Russia following the invasion of Ukraine

In response to Russian President Putin’s unprecedented and unprovoked military attack against Ukraine, the EU is responding by adopting a…

3 years ago

Finland: NATO membership ‘will change’ after Russian invasion

Finish Prime Minister Sanna Marin said Russia’s invasion of Ukraine will change the debate around NATO membership within her country.…

3 years ago

EU responds to Russia’s invasion of Ukraine with massive sanctions

EU leaders held a joint press conference with NATO Secretary-General sending the message that the world can see that unity…

3 years ago

We use cookies to ensure that we give you the best experience on our website.