Round table on digitalisation and the future of corporation tax

Delegates at our last Responsible Tax round table on digitalisation and the future of corporation tax, held before the Summer break, emphasised the need for clarity about why and how the international corporate tax accord should be modernised. There was a concern that transfer pricing rules are too complex and the proposal before the OECD Inclusive Framework to use a modified residual profits split to tax marketing intangible would add complexity. It was generally agreed that some of the tax  base should move to market jurisdictions, but formulary apportionment is not the answer. The OECD's determination to find a unified approach looks the right was forward. https://bit.ly/2lJrgY9