About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

46 Yale J. Int'l L. 57 (2021)
Taxation of the Digital Economy: Adapting a Twentieth-Century Tax System to a Twenty-First-Century Economy

handle is hein.journals/yjil46 and id is 73 raw text is: Article Taxation of the Digital Economy: Adapting a Twentieth-Century Tax System to a Twenty-First-Century Economy Assaf Harpazt I. INTRODUCTION .............................................................................................................................58 II. DIGITAL ECONOMY ......................................................................................................................59 A. A Digital Transformation ................................................................................................59 B. Principles of International Taxation.................................................................................61 C. The Tax Challenges Arising from Digitalization.............................................................62 III. FUNDAMENTAL QUESTIONS.........................................................................................................66 IV. THE OECD PROPOSAL .................................................................................................................68 A. The OECD Base Erosion and Profit Shifting Project.......................................................68 B. The OECD's Pillar One...................................................................................................69 1. Pillar One Scope..................................................................................................70 2. New Taxing Right (Amount A)...........................................................................71 3. New Nexus and Profit Allocation Rule................................................................72 4. Amount B............................................................................................................74 5. Initial U.S. Response ...........................................................................................74 6. Notes on Pillar Two.............................................................................................76 7. Impact Assessments.............................................................................................77 V. DIGITAL SERVICES TAXES............................................................................................................79 A. Unilateral M easures.........................................................................................................79 B. Digital Services ...............................................................................................................82 C. Tax Burden and Credibility .............................................................................................83 D. Reaction to DSTs.............................................................................................................85 E. U.S. Retaliation and Section 301 Investigations ..............................................................89 VI. U.N. PROPOSAL............................................................................................................................90 VII. DIGITAL TAXATION AND COVID-19............................................................................................91 VIII. NEW NEXUS PROPOSAL....................................................................................................... 95 A. Eliminating the Global Revenue Threshold.....................................................................95 B. Relying on M arket Thresholds ........................................................................................98 t Doctor of Juridical Science (S.J.D.) Candidate, Duke University School of Law. I am grateful to Professors Lawrence Zelenak, Peter Barnes and Reuven Avi-Yonah, for their helpful comments and valuable insight from which this Article has greatly benefited.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most