Base Erosion and Profit Shifting (BEPS) and the Digital Economy: challenges and issues

DiGabriele, Jim and Ojo, Marianne (2018): Base Erosion and Profit Shifting (BEPS) and the Digital Economy: challenges and issues. Published in: Internet Taxation and E-Retailing Law in the Global Context IGI Global No. Projected Release Date: March, 2018 Copyright: © 2018 (March 2018)

Abstract

The digital economy, undoubtedly, has contributed to the immense task of clearly identifying, ascertaining, and accounting for sources, rationales, and audit trails relating to tax transactions. This is not only evident owing to difficulties associated with cross-border transaction regulations which govern different jurisdictions as well as the enforcement of such regulations, but also in respect of risks associated with the present global financial environment – all having generated from the rise in automation, increased and improved sophisticated technologies, globalization, and conglomeration. This chapter not only seeks to highlight the extent, contribution, and significance of the digital economy in respect of those risks associated with base erosion and profit shifting (BEPS) but also amongst other aims and objectives to recommend measures whereby regulations can be better enforced as a means of addressing practices associated with BEPS.

• Item Type: MPRA Paper
• Language: English
• Keywords: Multilateral Instruments; Joint Audits; Aggressive Tax Planning Schemes; Digital Economy; Transfer Pricing; Global Value Chains; Cross Sectional Services Risks
• Subjects: E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance; F - International Economics > F6 - Economic Impacts of Globalization; F - International Economics > F6 - Economic Impacts of Globalization > F63 - Economic Development; K - Law and Economics > K2 - Regulation and Business Law; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M4 - Accounting and Auditing > M41 - Accounting

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