Report by the South Centre Tax Initiative’s Developing Country Expert Group, August 2020
Assessment of the Two-Pillar Approach to Address the Tax Challenges Arising from the Digitalization of the Economy
An Outline of Positions Favourable to Developing Countries
Report by the South Centre Tax Initiative’s Developing Country Expert Group
Irene Ovonji-Odida, Veronica Grondona, Samuel Victor Makwe
This report is written primarily for developing country negotiators in the Inclusive Framework and accordingly contains a technical assessment of Pillars One and Two. The aim is to discuss the positions and principles which can inform the negotiations in developing countries’ best interests. However, it is also written for a larger audience, particularly diplomats involved in financing for development discussions and international trade rule making, so as to sensitise them to the nuances of the ongoing discussion on the taxation of the digitized economy. In the midst of the COVID-19 pandemic and a devastating economic downturn, it is more important than ever to ensure that developing countries obtain their due taxing rights. This report is an initial contribution in that direction.
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This article was tagged: African Tax Administration Forum (ATAF), Automated Digital Services, Base Erosion and Profit Shifting Project (BEPS), COVID-19, Digital Economy, Digital Service Taxes (DSTs), Digital Taxation, Digitalization of the Economy, Financing for Development, Group of 20 (G-20), Group of 77 and China (G-77 and China), Group of Twenty-Four (G-24), High Level Panel on Illicit Financial Flows from Africa, Illicit Financial Flows (IFFs), Inclusive Framework, Independent Commission for Reform of International Corporate Taxation (ICRICT), Intergovernmental Group of Twenty Four (G-24), International Trade, Organisation for Economic Co-operation and Development (OECD), South Centre Tax Initiative (SCTI), Tax, Tax Cooperation, Tax Havens, Tax Law, Tax Policy, Tax Reform, Two-Pillar Approach, United Nations Committee of Experts on International Cooperation in Tax Matters (UNTC)