New rules for digital taxation A certain percentage is agreed upon according to sales.
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OECD (Economic Cooperation and Development Organization) and other countries around the world have set a certain percentage of corporate profits for each country to formulate new tax rules for huge IT companies that make profits by exchanging data across borders. Agreed on the framework of the system, such as being able to tax based on the sales of.
It has been pointed out that multinational companies such as giant IT companies make profits by exchanging data and services across borders, but in countries where there are no bases such as head offices and factories, sufficient taxation has not been possible.
For this reason, an international framework created by 137 countries and regions around the world, led by the OECD, has been working on the development of new tax rules, and has now agreed on the framework of the system.
By doing so, in order to be able to tax in accordance with the actual business situation, we will provide profits to global companies that provide “digital services” such as search and SNS and sell “products for consumers”. For example, a certain percentage can be taxed according to sales in each country.
The international framework will consider detailed mechanisms, such as the size of the target company, the specific scope of the business, the percentage of profits that can be taxed, and whether taxation will differ depending on the degree of use of digital technology. We are aiming for an agreement at the July meeting.