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The global tax system as we know is at the brink of a massive change brought about by the efforts and campaigns of the OECD, EU, IMF and the G20 countries in dealing with the challenges of taxing the digital economy.
What started out as a project to tackle the revenue loss from base erosion and profit shifting has morphed into defining new rules for determining the taxing rights on income generated from cross-border business activities in the digital economy. This has led to some countries not only revising their traditional tax rules but also unilaterally changing their interpretation of the application of certain clauses of bi-lateral tax treaties. This has created tax uncertainties for companies operating across regions.
In this panel session, our tax experts discussed the global tax disruptors and how companies can make sense of the continually evolving issues & manage their risks.
