CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. OECD Conference in Ottawa On E-commerce

OECD Conference in Ottawa On E-commerce

Tax-news.com

07 October 1999


An OECD conference in Ottawa on e-commerce tried to set up some preliminary guidelines towards a taxation regime for e-commerce:

  • existing principles of taxation should apply
  • no discriminatory taxes on e-commerce (this position has already been enshrined in the US Internet Tax Freedom Act)
  • governments should adopt consistent principles of Internet taxation
  • consumption taxes on cross-border trade should apply at the place of consumption (ie different from VAT on products)
  • digitized products are not goods! (i.e. consumption taxes don't apply; in a VAT jurisdiction, the reverse-charge mechanism would apply, as for services)

This last point seems to take on board the reality that people won't self-assess for consumption taxes on down-loaded products; but they won't self-assess for VAT either. So the OECD position seems to leave offshore e-commerce suppliers of down-loadable products in an untaxed position. It may well stay that way until some Government somewhere, worried about tax leakage, and pushed by a producer lobby worried about piracy, decides to do something. But what?

.

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »