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While the international system has traditionally based taxation on where companies have a physical presence, digitalisation has allowed value creation and engagement of users far beyond that physical presence. According to the OECD, new technologies have facilitated tax avoidance through the shifting of profits by multinational enterprises (MNEs) to low or no tax jurisdictions.

Recognising this reality, the Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive Framework (IF) restarted its work on base erosion and profit shifting project in 2017 to address the tax challenges arising from the digitalisation of the global economy. The 140 participating governments are working now to finalise details of a Two-Pillar Approach: Pillar One would allocate new taxing rights to market jurisdictions based on certain companies’ profits and provide for the withdrawal of digital services taxes (DSTs), and Pillar Two would act as a global minimum tax on corporate profits. The implementation of multilateral outcomes holds particular importance for smaller businesses, including those that do business online.

The discussion will focus on the implications for the European Union and in particular European SMEs of the Inclusive Framework’s Two-Pillar Approach to addressing the tax challenges arising from the digitalisation of the global economy.

  • Programme

    Opening remarks

    Paul Tang MEP and EIF Member

    Speakers

    Benjamin Angel, Director of Direct taxation, Tax coordination, Economic analysis and Evaluation, DG TAXUD, European Commission

    Gerhard Huemer, Director Economic & Fiscal Policy, SMEunited

    Megan Funkhouser, Director of Policy, Tax and Trade, Information Technology Industry Council (ITI)

    Mona Barake, Postdoctoral Researcher, EU Tax Observatory

    Moderator

    Maria Rosa Gibellini, Director General, European Internet Forum

    Exchange of views with the participants under the Chatham House rule

Practical information

17 November 2021 16:30 - 18:00

EIF online event

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Speakers

  • Paul Tang MEP, EIF Member
  • Benjamin Angel Director of Direct taxation, Tax coordination, Economic analysis and Evaluation DG TAXUD, European Commission
  • Gerhard Huemer Director Economic & Fiscal Policy SMEunited
  • Megan Funkhouser Director of Policy, Tax and Trade Information Technology Industry Council (ITI)
  • Mona Barake Postdoctoral Researcher EU Tax Observatory
  • Maria Rosa Gibellini Director General European Internet Forum