000			03555cam a22004215i 4500
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008			160311s2021 dcu o i00 0 eng
020			_z9781464816543
035			_a(The World Bank)211654
040			_aDJBF _beng _cDJBF _erda
100	1		_aLucas-Mas, Cristian Oliver. _930170
245	1	0	_aTax Theory Applied to the Digital Economy : _bA Proposal for a Digital Data Tax and a Global Internet Tax Agency / _cCristian Oliver Lucas-Mas.
264		1	_aWashington, D.C. : _bThe World Bank, _c2021.
300			_a1 online resource (132 pages)
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_adata file _2rda
520	3		_aDigital technology allows businesses to operate in a country without a physical presence, which poses challenges for traditional taxation. The digital debate focuses on direct taxation and the creation of new taxing rights arising from the tax claims of market jurisdictions on income obtained by foreign digital suppliers conducting business therein without any physical presence. Tax Theory Applied to the Digital Economy analyzes the tax-disruptive aspects of digital business models and reviews current tax initiatives in light of traditional tax theory principles. The analysis concludes that market countries' tax claims are unsubstantiated and contravene the most basic foundations of tax theory, giving rise to a series of legal, economic, tax policy, and tax administration issues that policy makers cannot overlook. The authors propose establishing a digital data tax (DDT) that is a license-type consumption tax, rather than an income tax, on the international supply of Internet bandwidth to access digital markets. The DDT can be applied either globally or unilaterally, and could become a significant source of tax revenues for market jurisdictions. It is aligned with tax principles and it does not conflict with other tax initiatives: the DDT taxes foreign digital companies as consumers, while income tax proposals tax them as suppliers. The authors also propose creating a new global internet tax agency (GITA) under the auspices of the United Nations that would provide a neutral forum for political discussion and technical assistance in the area of digital taxation. The digital economy is a global phenomenon that requires a global solution: the creation of global taxing mechanisms and global institutions that provide technical assistance and support for successful global implementation. The book explains difficult technical concepts in plain language and contributes to the digital tax debate in a way that can be understood by anyone. Such understanding is essential to obtaining global support, achieving tax compliance, and fostering multilateral tax cooperation.
588			_aDescription based on print version record.
650		4	_aDigital Data Tax _930171
650		4	_aDigital Economy _930172
650		4	_aDouble Taxation _930173
650		4	_aGlobal Internal Tax _930174
650		4	_aTax Administration _930175
650		4	_aTax Jursidication _930176
650		4	_aTax Policy _930177
650		4	_aTax Soverignity _930178
650		4	_aTaxation _930179
700	1		_aJunquera-Varela, Raul Felix. _930180
776	0	8	_aPrint Version: _z9781464816543
830		0	_aWorld Bank e-Library. _930181
856	4	0	_uhttp://elibrary.worldbank.org/doi/book/10.1596/978-1-4648-1654-3
999			_c5524 _d5524