Video on Demand: Taxation

Question

The Government is concerned that current international corporate tax rules do not adequately deal with certain digital business models.

The Government is fully engaged in international discussions at the OECD to reform the rules that govern profit allocation so that market economies such as the UK are able to tax a greater share of digital companies’ profits. On 31 January 2020 the OECD announced an ambitious timetable to progress work on these reforms during 2020.