Digitisation of Tax
A multilateral problem needs a multilateral solution
Taxation will always be a complex area with different stakeholders looking for different outcomes, but the creation of a system that fairly taxes business and maintains government income in the ever-increasingly digitised world must be done on a multi-lateral basis. Thus, we must hold our nerve and support the OECDs initiative. A patchwork of digital taxation measures introduced by individual nations or blocs such as the EU will only increase the risk of double taxation, confusion and tax avoidance – the exact thing they were created to reduce.