CBI comments on OECD global taxation plans

Annie Gascoyne, CBI Director of Economic Policy, said:

“The proposals put forward by the OECD for a unified approach to the digitalisation of the economy are a big step forward.

“Governments and business agree that the OECD is the right organisation to lead this reform of the international tax framework for the digital age.

“The Government’s current proposed Digital Services Tax would be unilateral action that could impact many more businesses than intended and would do little to encourage business adoption of new technologies.

“In light of the clear progress at the OECD, we would urge the UK Government to put their current plans on hold.”