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A New Framework For Digital Taxation, Reuven S. Avi-Yonah, Young Ran Kim, Karen Sam
A New Framework For Digital Taxation, Reuven S. Avi-Yonah, Young Ran Kim, Karen Sam
Utah Law Faculty Scholarship
The international tax regime has wide implications for business, trade, and the international political economy. Under current law, multinational enterprises do not pay their fair share of taxes to market countries where profits are generated because market countries are only allowed to tax companies with a physical presence there. Digital companies, like Google and Amazon, can operate entirely online, thereby avoiding market country taxes. Multinationals can also exploit existing tax rules by shifting their profits to low-tax jurisdictions, thereby avoiding taxes in the residence country where their headquarters are located.
Recently, a global tax deal was reached to tackle these …
Digital Services Tax: A Cross-Border Variation Of The Consumption Tax Debate, Young Ran Kim
Digital Services Tax: A Cross-Border Variation Of The Consumption Tax Debate, Young Ran Kim
Utah Law Faculty Scholarship
The rise of highly digitalized businesses, such as Google and Amazon, has strained the traditional income tax rules on nexus and profit allocation. Traditionally, profit is allocated to market countries where consumers are located only if the business has a physical presence. However, in the digital economy, profits can be easily generated in market countries without a physical presence, resulting in tax revenue loss for market countries. In response, market countries have started imposing a new tax, called the digital services tax (DST), on certain digital business models, which has ignited heated debate across the globe. Supporters defend the DST, …
Digital Services Tax: A Cross-Border Variation Of The Consumption Tax Debate, Young Ran Kim
Digital Services Tax: A Cross-Border Variation Of The Consumption Tax Debate, Young Ran Kim
Utah Law Faculty Scholarship
The rise of highly digitalized businesses, such as Google and Amazon, has strained the traditional income tax rules on nexus and profit allocation. Traditionally, profit is allocated to market countries where consumers are located only if the business has physical presence. However, in the digital economy, profits can be easily generated in market countries without a physical presence, resulting in tax revenue loss for market countries. In response, market countries have started imposing a new tax, called the digital services tax (“DST”), on certain digital business models, which has ignited heated debate across the globe. Supporters defend the DST, designed …