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OECD drops idea of special tax rules for Internet companies
- r0h1n 13y agoI couldn't find it on any non-paywalled site. But here are the key paragraphs: > Proposals for a tax crackdown on digital companies such as Google and Amazon are to be dropped, as governments push ahead with measures affecting the global economy. > Designing special tax rules for internet companies would not be viable, given the growing digital presence in large parts of the economy, an international task force has concluded. > Pascal Saint-Amans, the leading tax official at the Paris-based Organisation for Economic Co-operation and Development, said: “The findings are that there is no such thing as digital companies rather than digitalisation of the economy. There may not be therefore a solution for the digital economy, but we will need to draw on features of digital economy when we revise the system. Most of the tax planning by these companies will be addressed by this.” The context is of course this recent thread: https://news.ycombinator.com/item?id=7088042 https://news.ycombinator.com/item?id=7088042