The Elusive
To print this article, all you need is to be registered or login on Mondaq.com. For over a decade, countries have been looking for ways to tax the digital economy. On July 1, 130 countries announced an agreement that would provide a new taxing right to enable a country to tax a portion of digital profits even in the absence of traditional taxable nexus with the country. This new taxing right is known as "Amount A". The quantum of Amount A remained a mystery until the publication of the OECD's "Statement on a Two-Pillar Solution to Address the Tax Challenges Arising Fro...
Source: mondaq.com