The Organisation for Economic Co-operation and Development (OECD) today released a “unified approach” for the taxation of digital and multinationals, which it will present to the G20 next week, in order to revive the negotiations between the different countries and reach a political agreement of here next june. This approach sets a scope for the new tax for groups that have a direct link to the end consumer. It provides a system for determining whether or not a country can tax a multinational, depending on the company’s turnover, the institution said.
“If the G20 and other countries agree to negotiate on this basis, we could move quickly towards a political agreement,” said Pascal Saint-Amans, director of Policy and Tax Administration in the Organisation for Economic Co-operation and Development (OECD).
The approach of the institution tackles the thorny issue of taxation of groups that are commercially present in a country without having a physical presence, as are often the GAFA, acronym for digital giants Google, Amazon, Facebook and Apple