How to tax the digital economy? Enterprises in the digital economy can generate value in a country with little or no taxable presence. This presents a new challenge for tax authorities as they seek to extract revenue and allocate taxing rights among the different jurisdictions. This challenge — and the differing responses of different countries to it — is driving important international and national reform initiatives.
The ground has shifted rapidly in 2021, with the Biden administration taking a proactive approach in international discussions tied to its domestic revenue objectives. But unilateral digital services taxes and other responses continue to develop around the world.
This timely combination of Sidley’s tax, technology, trade, and U.S. political experience will uncover the competing interests at play and the range of possible outcomes that will emerge in 2021. Themes include:
- What are the options available to reform the way in which the international digital economy is taxed?
- How do U.S. domestic political constraints and post-pandemic revenue needs around the world impact on likely outcomes?
- What options might be available for unhappy stakeholders?
Peter Roskam, Partner, Government Strategies and Former Chairman of the U.S. House Ways & Means Tax Subcommittee, Chicago
Idan Netser, Partner, Tax, Palo Alto
Weiwei Zhang, International Trade Advisor, Global Arbitration, Trade and Advocacy, Geneva
Marianne Tassone, Associate, Tax, San Francisco
This webinar will be moderated by Iain Sandford, Partner, Global Arbitration, Trade and Advocacy, Geneva.