UN Decides To Launch Its Own Digital Economy Tax Proposal

; posted on
May 22nd, 2018

The United Nations (UN) has made up its mind to conduct its own research on tax matters of the digitalized economy. This decision was made by the UN Committee of Experts on International Cooperation in Tax Matters on its sixteenth session during May 14 to 17 in New York.

Proposal in the Context of Developing Countries

Despite the fact that the OECD had made an announcement in its digital economy taxation interim report in March 2018, according to which a final report is expected to be delivered by 2020, the UN committee points out that it focuses on issues of relevance for developing countries and seeks the alleged UN approach which concentrates more on the impact of developing countries and their capacities in conducting these rules. In this regard, the UN will stop waiting for the OECD final report and start its own works in this area, such as tax policy issues and digitalization of tax administration. In October 2017, the UN committee appointed new subcommittees to conduct its work. It stated that its subcommittee charged with tax matters of the digitalized economy will make full use of the OECD achievements which are relevant for the interest to developing countries, namely the description of new business models included in the OECD interim report.

16th Session of the Committee of Experts on International Cooperation in Tax Matters

The Session focuses on collaboration on international tax affairs, including:

  • First Global Conference of the Platform for Collaboration on Tax: Taxation and the Sustainable Development Goals; (E/C.18/2018/3)
  • Progress on the 2017 update of the United Nations Model Double Taxation Convention between Developed and Developing Countries; (E/C.18/2018/4)
  • Update of the handbook on extractive industries taxation issues for developing countries; (E/C.18/2018/5)
  • Previous consideration by the Committee of Experts on International Cooperation in Tax Matters of the treatment of collective investment vehicles. (E/C.18/2018/6)

Sources: UN, Taxation

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