Friday, February 19, 2021

THE NEW TAX COMING TO HAUNT YOU

 To be fair, this title is entirely clickbait and has almost nothing to do with the topic of this blog post. The topic at hand is the OECD desire to implement a global digital services tax. The actual guidelines for what this looks like is almost entirely uncertain, but the intent is to tax primarily large US digital services firms that today go untaxed in large portions of the globe where they deliver services and generate sales. 

The crux of the article is that any global framework is far off and far from certain. Which means business as normal for US digital services businesses in the meantime...

Digital services tax will struggle to clear US congressional hurdles | Financial Times (ft.com)

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