ISBN : 9781108750691
Author : Craig Elliffe
Publisher : Cambridge University Press
Year : 2021
Language : English
Type : E-book
Description : The question of how to tax multinational companies that operate highly digitalised business models is one of the most contested areas of international taxation. The tax paid in the jurisdictions in which these companies operate has not kept pace with their immense growth and the OECD has proposed a new international tax compromise that will allocate taxing rights to market jurisdictions and remove the need to have a physical presence in the taxing jurisdictions in order to sustain taxability. In this work, Craig Elliffe explains the problems with the existing international tax system and its inability to respond to challenges posed by digitalised companies. In addition to looking at how the new international tax rules will work, Elliffe assesses their likely effectiveness and highlights features that are likely to endure in the next waves of international tax reform. Reviews ‘Professor Elliffe comprehensively discusses the most controversial subject of the current global tax conversation, which challenges the roots of the traditional international tax system. A fine work and a must-read book.’ Robert Danon - Professor of Law at the University of Lausanne and Chairman of the Permanent Scientific Committee of the International Fiscal Association (IFA) ‘This outstanding book covers the hottest topic in international taxation, and both countries and international organizations are in the process of rapidly changing the rules. Under these circumstances, plus a global pandemic, it is very hard to do what Craig Elliffe has successfully done: to produce an eminently readable, short, and accurate summary of both the current state of affairs and its historical origins, going back a century to the original 1920s compromise that created the international tax regime (ITR).’ Reuven Avi-Yonah - Irwin I. Cohn Professor of Law, University of Michigan ‘A truly global tax book - presenting a holistic view of the tax issues of the digital economy built on wide-ranging comparative and foundational research.’ Wolfgang Schön - Director of The Max Planck Institute for Tax Law and Public Finance, Munich