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001 | 211654 | ||
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005 | 20210811115007.0 | ||
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007 | cr cn||||||||| | ||
008 | 160311s2021 dcu o i00 0 eng | ||
020 | _z9781464816543 | ||
035 | _a(The World Bank)211654 | ||
040 |
_aDJBF _beng _cDJBF _erda |
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100 | 1 |
_aLucas-Mas, Cristian Oliver. _930170 |
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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. |
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300 | _a1 online resource (132 pages) | ||
336 |
_atext _btxt _2rdacontent |
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337 |
_acomputer _bc _2rdamedia |
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338 |
_aonline resource _bcr _2rdacarrier |
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_adata file _2rda |
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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 |
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650 | 4 |
_aDigital Economy _930172 |
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650 | 4 |
_aDouble Taxation _930173 |
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650 | 4 |
_aGlobal Internal Tax _930174 |
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650 | 4 |
_aTax Administration _930175 |
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650 | 4 |
_aTax Jursidication _930176 |
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650 | 4 |
_aTax Policy _930177 |
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650 | 4 |
_aTax Soverignity _930178 |
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650 | 4 |
_aTaxation _930179 |
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700 | 1 |
_aJunquera-Varela, Raul Felix. _930180 |
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776 | 0 | 8 |
_aPrint Version: _z9781464816543 |
830 | 0 |
_aWorld Bank e-Library. _930181 |
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856 | 4 | 0 | _uhttp://elibrary.worldbank.org/doi/book/10.1596/978-1-4648-1654-3 |
999 |
_c5524 _d5524 |