GSMA – ETNO joint response to the OECD Update Statement
ETNO and the GSMA provide their comments below in response to the ‘Statement by the OECD/G20 Inclusive Framework on BEPS on the Two-Pillar Approach to Address the Tax Challenges Arising from the Digitalisation of the Economy’.
We consider it appropriate for the Digital Economy to be taxed in a fair and transparent way with profits taxed where value is created. Whilst we applaud the speed at which OECD is acting we should re-focus on the main objective and scope of this reform and avoid double taxation of industries already heavily regulated and taxed.
The following comments focus specifically on the Scope of ‘The New Taxing Right (Amount A)’, which is central to the revised architecture outlined by the OECD for a Unified Approach to Pillar One, and have focused on the key relevant points identified by our members.