Tag: Digital Tax
-
OECD Digital Continuous Transactional Reporting for VAT: Policy and Design
Overview: What Digital Continuous Transactional Reporting for VAT Entails The OECD report on Digital Continuous Transactional Reporting for Value-Added Tax (VAT) presents a framework for real-time or near‑real‑time VAT data collection. The goal is to improve accuracy, reduce compliance costs for businesses, and close revenue gaps for governments. By moving from periodic VAT returns to…
-
Switzerland Abandons Digital Tax to Avert Conflict with Washington
In recent weeks, Switzerland has made headlines by deciding to abandon plans for a digital tax aimed at American tech giants. This development comes amid ongoing parliamentary initiatives advocating for the imposition of a digital tax on major companies like Google, Amazon, and Facebook, which have long benefited from the country’s favorable tax regime. The…
-
Switzerland Abandons Digital Tax to Avoid Tensions with Washington
Switzerland, long known for its diplomatic finesse, has recently shifted gears regarding its stance on a proposed digital tax aimed at American tech giants. As discussions around the digital economy continue to evolve, the Swiss Federal Council has now decided to abandon its plans for a digital tax, a move aimed at preventing potential diplomatic…