OECD Leads Multinational Coalition to Address Digital Economy Tax Laws

[et_pb_section fb_built=”1″ fullwidth=”on” _builder_version=”4.16″ background_image=”http://iwtas.com/wp-content/uploads/2019/09/shutterstock_182447600.jpg” parallax=”on” parallax_method=”off” global_colors_info=”{}”][et_pb_fullwidth_post_title comments=”off” featured_image=”off” text_color=”light” text_background=”on” text_bg_color=”#34343d” admin_label=”Fullwidth Post Title (add section background image 1920 x 1080px)” module_class=”dd-post-title” _builder_version=”4.16″ title_font=”Lato|||on|” title_font_size=”36px” meta_font=”Lato||||” parallax=”on” parallax_method=”off” text_orientation=”center” custom_padding=”180px||210px|” title_font_size_tablet=”” title_font_size_phone=”30px” title_font_size_last_edited=”on|phone” parallax_effect=”on” border_style=”solid” global_colors_info=”{}”][/et_pb_fullwidth_post_title][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ background_color=”#efefef” global_colors_info=”{}”][et_pb_row column_structure=”1_3,2_3″ use_custom_gutter=”on” gutter_width=”2″ _builder_version=”4.16″ background_color=”#ffffff” custom_margin=”-100px|||” custom_padding=”20px|12px|30px|12px” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.16″ background_position=”top_left” custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_post_title title=”off” author=”off” date_format=”M d, Y” categories=”off” comments=”off” featured_image=”off” admin_label=”Post Title (post date)” module_class=”dd-post-date” _builder_version=”4.27.0″ meta_font=”Bitter||||” meta_text_color=”#0c0c0d” meta_font_size=”36″ text_orientation=”center” custom_margin=”10px|||” hover_enabled=”0″ border_style=”solid” global_colors_info=”{}” sticky_enabled=”0″][/et_pb_post_title][et_pb_divider color=”#6c6c70″ divider_weight=”6″ module_class=”dd-divider” _builder_version=”4.16″ hover_enabled=”0″ custom_css_before=”width: 33{24b144b2367bbb07d5d4fda493087790376b70e35be933d1efb47b5fb6de27b5};||left: 0;||right: 0;||margin: auto;” hide_on_mobile=”off” global_colors_info=”{}” sticky_enabled=”0″][/et_pb_divider][et_pb_text admin_label=”Text (post intro or author bio, social sharing shortcode)” module_class=”dd-author-bio” _builder_version=”4.27.0″ text_font=”Lato||||” text_text_color=”#0c0c0d” background_color=”rgba(152,152,157,0.33)” width=”100%” custom_margin=”|-110px||-2px||” custom_padding=”26px|25px|20px|25px|false|false” hover_enabled=”0″ border_style=”solid” global_module=”25418″ saved_tabs=”all” inline_fonts=”Angkor” global_colors_info=”{}” sticky_enabled=”0″ text_letter_spacing__hover_enabled=”on|desktop” header_4_font=”–et_global_heading_font|700|||||||” header_4_font_size=”21px” header_5_font=”–et_global_heading_font|600|on||||||” header_5_font_size=”14px” custom_padding_last_edited=”off|desktop” locked=”off”]

Jack Brister

Founder, International Wealth Tax Advisors

Jack Brister, Founder of International Wealth Tax Advisors, is a noted international tax expert, with over 25 years of experience. Jack specializes in U.S. tax planning and compliance for non-U.S. families with international wealth and asset protection structures. Jack is a frequent featured speaker at numerous international financial conferences and has been named a Citywealth Top 100 U.S. Wealth Advisor.

[/et_pb_text][et_pb_cta title=”Contact IWTA” button_text=”Click Here” admin_label=”Call To Action” _builder_version=”4.27.0″ width=”100%” min_height=”219px” custom_margin=”-16px|5px||-2px||” custom_padding=”24px|12px|0px|12px||” hover_enabled=”0″ global_module=”25419″ saved_tabs=”all” global_colors_info=”{}” header_level=”h4″ header_font=”|700|||||||” sticky_enabled=”0″ locked=”off”]

To schedule an introductory phone conference with IWTA  founder Jack Brister simply click here. Email IWTA at bloginquiries@iwtas.com Or call the IWTA New York City office at 212-256-1142

[/et_pb_cta][et_pb_heading title=”Latest Posts” admin_label=”6 H: Latest Posts” _builder_version=”4.27.0″ _module_preset=”default” title_level=”h4″ title_font=”|700|||||||” hover_enabled=”0″ locked=”off” global_colors_info=”{}” sticky_enabled=”0″ custom_padding=”20px|||25px|false|false”][/et_pb_heading][et_pb_sidebar area=”et_pb_widget_area_5″ admin_label=”7 Recent posts widget” _builder_version=”4.27.0″ _module_preset=”default” hover_enabled=”0″ locked=”off” global_colors_info=”{}” sticky_enabled=”0″ custom_padding=”|25px||25px|false|false” border_color_all=”RGBA(255,255,255,0)”][/et_pb_sidebar][et_pb_heading title=”Find Previous Posts” admin_label=”2 H: Find Previous Posts” _builder_version=”4.27.0″ _module_preset=”default” title_level=”h4″ title_font=”|700|||||||” hover_enabled=”0″ locked=”off” global_colors_info=”{}” custom_padding=”0px|||25px|false|false” sticky_enabled=”0″][/et_pb_heading][et_pb_sidebar area=”et_pb_widget_area_4″ admin_label=”3 Search widget” _builder_version=”4.27.0″ _module_preset=”default” hover_enabled=”0″ locked=”off” global_colors_info=”{}” custom_padding=”|||25px|false|false” sticky_enabled=”0″ border_color_all=”RGBA(255,255,255,0)”][/et_pb_sidebar][/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.16″ background_position=”top_left” custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Text (main post content)” module_class=”dd-post-content” _builder_version=”4.16″ text_font=”Lato||||” text_text_color=”#0c0c0d” text_font_size=”15″ text_line_height=”1.4em” border_style=”solid” global_colors_info=”{}”]International Tax experts view digital tax as one of the “hotbutton” issues of the new decade.

The exponential international growth of the digital economy has erased retail and wholesale borders, had carved new roots and frameworks into the supply chain, and not surprisingly, has upended the way the traditional ways and means of tax collection.

How do countries collect taxes from buyers across continents? Is there a uniform, unilateral method to comply with each country’s tax code, or is it possible to create international tax rules for the collection of sales and use taxes on digital platforms?

To that end, the Organisation for Economic Co-operation and Development (OECD) has gathered over 134 countries and jurisdictions to tackle this important issue. The OECD is an international policy-building body whose goal is to establish international norms and find evidence-based solutions to a range of social, economic and environmental challenges.

“We’re making real progress to address the tax challenges arising from digitalisation of the economy, and to continue advancing toward a consensus-based solution to overhaul the rules-based international tax system by 2020,” said OECD Secretary-General Angel Gurría.

“This plan brings together common elements of existing competing proposals, involving over 130 countries, with input from governments, business, civil society, academia and the general public. It brings us closer to our ultimate goal: ensuring all MNEs pay their fair share.”

”Failure to reach agreement by 2020 would greatly increase the risk that countries will act unilaterally, with negative consequences on an already fragile global economy. We must not allow that to happen,” says Gurría.

IWTA will keep clients apprised of the progress and success of implementation of a unilateral agreement on a digital tax code. Clients with businesses that sell online to customers outside of their own countries will face new cross border tax issues. Even solopreneurs can be affected if they sell goods or services online to international clientele.

Click here to read the full press release from OECD.  
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_comments show_count=”off” module_class=”dd-comment-form” _builder_version=”4.16″ form_field_background_color=”#fafafa” body_font=”Lato||||” body_font_size=”16px” form_field_font=”Lato||||” form_field_font_size=”15px” custom_button=”on” button_text_size=”16″ button_text_color=”#ffffff” button_bg_color=”#0c0c0d” button_border_width=”0″ button_border_radius=”0″ button_font=”Lato||||” button_use_icon=”off” custom_css_message_field=”border: 1px solid #cccccc;” custom_css_name_field=”border: 1px solid #cccccc!important;” custom_css_email_field=”border: 1px solid #cccccc!important;” custom_css_website_field=”border: 1px solid #cccccc!important;” border_style=”solid” button_text_color_hover=”#ffffff” button_border_radius_hover=”0″ button_letter_spacing_hover=”0″ button_bg_color_hover=”rgba(12,12,13,0.66)” form_background_color=”#fafafa” global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”on” button_text_color__hover=”#ffffff” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”on” button_border_radius__hover=”0″ button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”on” button_letter_spacing__hover=”0″ button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”on” button_bg_color__hover=”rgba(12,12,13,0.66)” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_comments][/et_pb_column][/et_pb_row][/et_pb_section]

Scroll to Top