The digital economy is faced with major challenges for the international tax system since the traditional tax rules seem to be insufficiently well designed to govern new ways of conducting businesses and unsuitable for accurately detecting and allocating the value created from digitalised business models.[1] This situation has triggered a political and academic discussion about how international taxation can be reformed to provide a “reasonable and stable system for taxing profits of multi-national companies in the 21st century”.
Source: kluwertaxblog.com
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