PHM-Exch> Taxing Big Tech: Policy Options for Developing Countries

[Claudio Schuftan]

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From: South Centre <south at southcentre.int>

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*Announcing a New Tax Cooperation Policy Brief from the South Centre*

*Taxing Big Tech: Policy Options for Developing Countries*
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The South Centre is pleased to announce the publication of *Tax Cooperation
Policy Brief No. 27* *“Taxing Big Tech: Policy Options for Developing
Countries**” *by *Abdul Muheet Chowdhary and Sébastien Babou Diasso *of the
South Centre Tax Initiative.

Even as the COVID-19 crisis wreaked havoc on the global economy, it gave
rise to a small set of winners, namely Big Tech. The increasing prevalence
of remote work and an acceleration of the digitalization of the economy
allowed Big Tech companies to raise enormous revenues during the pandemic,
which in some cases dwarfed the gross domestic product (GDP) of several
countries. This policy brief explores the rising untaxed profits of Big
Tech in particular, and the digitalized economy in general, and explains
why the existing rules are insufficient. It also critically examines the
solution that has been devised by the Organisation for Economic
Co-operation and Development (OECD), an intergovernmental organization of
developed countries. Finally, it outlines alternative policy options that
are more suitable for developing countries to tax the profits of Big Tech.

*Si la crise liée à la pandémie de COVID-19 a été dévastatrice pour
l’économie mondiale, elle a aussi profité à certains, au premier rang
desquels figurent les grandes entreprises de technologie. Le recours
croissant au travail à distance et l’accélération de la numérisation de
l’économie ont permis à ces entreprises d’engranger des revenus
considérables pendant la pandémie, parfois bien supérieurs au produit
intérieur brut (PIB) de certains pays. Ce document d’orientation examine
les conséquences de la hausse des bénéfices non imposés des grandes
entreprises de technologie en particulier, et de l’économie du numérique en
général, et explique pourquoi les règles actuellement en vigueur sont
insuffisantes pour y faire face. Il présente également une analyse critique
de la solution élaborée par l’Organisation de coopération et de
développement économiques (OCDE), une organisation intergouvernementale de
pays développés. Enfin, il passe en revue divers mécanismes plus adaptés
aux pays en développement en ce qui concerne la taxation des bénéfices de
ces entreprises.*

*A pesar de que la crisis de COVID-19 causó estragos en la economía
mundial, dio lugar a un pequeño grupo de ganadores, conocidos como Big
Tech. El creciente predominio del trabajo remoto y la aceleración de la
digitalización de la economía permitieron que las grandes empresas
tecnológicas tuvieran enormes ingresos durante la pandemia, que en algunos
casos superaron el producto interno bruto (PIB) de varios países. Este
informe de políticas explora el aumento de las ganancias libres de
impuestos, específicamente de las Big Tech y de la economía digitalizada en
general, y explica por qué las reglas existentes son insuficientes. También
analiza críticamente la solución creada por la Organización para la
Cooperación y el Desarrollo Económicos (OCDE), una organización
intergubernamental de países desarrollados. Finalmente, describe opciones
de políticas alternativas que son más adecuadas para que los países en
desarrollo graven las ganancias de las Big Tech.*

To access the policy brief directly, go to this webpage:
https://www.southcentre.int/tax-cooperation-policy-brief-27-21-december-2022/
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To access the South Centre website, where you can also find other policy
briefs, publications and news items, go to: http://www.southcentre.int
<https://southcentre.us5.list-manage.com/track/click?u=fa9cf38799136b5660f367ba6&id=a2a2240bbb&e=4fac633f11>
.




*South Centre*
International Environment House 2
Chemin de Balexert 7-9
PO Box 228
1211 Geneva 19
Switzerland
Tel.: +41 22 791 8050
south at southcentre.int

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