Journal of Accountancy
By Sally P. Schreiber, J.D., October 23, 2018
Cross-border taxation of digital transactions presents many challenges to countries and multinational companies. Some countries have acted unilaterally to impose digital taxes, while international organizations have been working to develop multinational approaches. Given the nature of the challenges and the currently fragmented solutions, the Association of International Certified Professional Accountants is asking policymakers and multinational organizations to cooperate in developing global approaches to the taxation of transactions in the digital economy.
On Oct. 23, the Association issued a policy paper, Taxation of the Digitalized Economy, making recommendations. The policy paper does not take a position on any of the issues it raises, but is intended to “educate, enlighten, and stimulate the discussion" on how the new digital economy should be treated and taxed globally. Read more.