Taxing Goods and Services in a Digital Era - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Taxing Goods and Services in a Digital Era write by D.R. Agrawal. This book was released on 2021. Taxing Goods and Services in a Digital Era available in PDF, EPUB and Kindle. Taxing consumption in the digital economy poses unique challenges for fiscal authorities. Recent institutional reforms, such as states changing remittance rules for the sales and use tax following the Supreme Court decision in South Dakota v. Wayfair, were enacted to increase tax revenue collections and create a more neutral tax system. Although these reforms induced more remote vendors to remit taxes on a destination basis, the revenue gains were modest, consistent with most large online vendors remitting taxes prior to the reforms. Instead, following the recent large shock to online shopping from the COVID-19 pandemic, the shift to destination-based taxation has redistributed revenues between large and small local jurisdictions. Increased online shopping raises revenue growth in small jurisdictions while contracting revenues in large jurisdictions. But Wayfair is not the end of the story: technological changes that induce new consumption patterns promise new challenges for fiscal authorities. Critical challenges for the next decades include limiting administrative and compliance costs of enforcing taxes in a digital world, determining filing thresholds, dealing with online marketplaces and facilitators, and taxing the consumption of digital services from two-sided platforms. With respect to digital services, the authors discuss whether consumption taxes should be imposed on both monetized platforms and nonmonetized platforms, such as social media, and the mechanisms for doing so.
Taxing the Digital Economy
Taxing the Digital Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Taxing the Digital Economy write by Craig Elliffe. This book was released on 2021-05-13. Taxing the Digital Economy available in PDF, EPUB and Kindle. The question of how to tax multinational companies that operate highly digitalised business models is one of the most contested areas of international taxation. The tax paid in the jurisdictions in which these companies operate has not kept pace with their immense growth and the OECD has proposed a new international tax compromise that will allocate taxing rights to market jurisdictions and remove the need to have a physical presence in the taxing jurisdictions in order to sustain taxability. In this work, Craig Elliffe explains the problems with the existing international tax system and its inability to respond to challenges posed by digitalised companies. In addition to looking at how the new international tax rules will work, Elliffe assesses their likely effectiveness and highlights features that are likely to endure in the next waves of international tax reform.
International VAT/GST Guidelines
International VAT/GST Guidelines - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International VAT/GST Guidelines write by . This book was released on 2017. International VAT/GST Guidelines available in PDF, EPUB and Kindle. Value Added Tax (VAT; also known as Goods and Services Tax, under the acronym GST in a number of OECD countries) has become a major source of revenue for governments around the world. Some 165 countries operated a VAT at the time of the completion of the International VAT/GST Guidelines in 2016, more than twice as many as 25 years before. As VAT continued to spread across the world, international trade in goods and services has also expanded rapidly in an increasingly globalised economy. One consequence of these developments has been the greater interaction between VAT systems, along with growing risks of double taxation and unintended non-taxation in the absence of international VAT co-ordination. The International VAT/GST Guidelines now present a set of internationally agreed standards and recommended approaches to address the issues that arise from the uncoordinated application of national VAT systems in the context of international trade. They focus in particular on trade in services and intangibles, which poses increasingly important challenges for the design and operation of VAT systems worldwide. They notably include the recommended principles and mechanisms to address the challenges for the collection of VAT on cross-border sales of digital products that had been identified in the context of the OECD/G20 Project on Base and Erosion and Profit Shifting (the BEPS Project). These Guidelines were adopted as a Recommendation by the Council of the OECD in September 2016.
Digital Revolutions in Public Finance
Digital Revolutions in Public Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Digital Revolutions in Public Finance write by Mr.Sanjeev Gupta. This book was released on 2017-11-01. Digital Revolutions in Public Finance available in PDF, EPUB and Kindle. Digitization promises to reshape fiscal policy by transforming how governments collect, process, share, and act on information. More and higher-quality information can improve not only policy design for tax and spending, but also systems for their management, including tax administration and compliance, delivery of public services, administration of social programs, public financial management, and more. Countries must chart their own paths to effectively balance the potential benefits against the risks and challenges, including institutional and capacity constraints, privacy concerns, and new avenues for fraud and evasion. Support for this book and the conference on which it is based was provided by the Bill and Melinda Gates Foundation “Click Download on the top right corner for your free copy..."
Taxation in the Digital Era
Taxation in the Digital Era - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Taxation in the Digital Era write by Solomon Rukundo. This book was released on 2017. Taxation in the Digital Era available in PDF, EPUB and Kindle. The rapid growth of e-commerce in Uganda, especially the sale of goods and services over the Internet, has led to concerns as to whether Uganda's taxation regime is equipped to deal with this new phenomenon. The shift from a physically oriented commercial environment to one that is electronic and information-based poses serious and substantial issues in relation to taxation and taxation regimes. Uganda Revenue Authority faces the daunting task of protecting her revenue base without hindering either the development and use of new technologies or the involvement of the business community in the emerging e-market place. This paper examines the nature of e-commerce and explains the taxation challenges it poses such as a shrinking tax base, the limitations of source and residence rules of taxation and the need for adaptability of tax systems such as VAT. It goes further to offer possible solutions arguing for a rethinking of the source and residence rules and a review of the VAT dichotomy between supply of goods and supply of services.
