2020 will long be remembered for the covid-19 pandemic which has been a major disruptor to lives globally, changing the way we live and work, hitting the economy and influencing monetary and fiscal policy. The world has become increasingly digitalised as a result, underscoring the importance of the OECD’s continued work on taxation of the digital economy which reached a significant milestone in October with the publication of its pillar one and pillar two blueprints. Meanwhile, Joe Biden is expected to be inaugurated as the next US president in January, and the Brexit deadline draws ever closer. Looking ahead, it will be interesting to see how governments approach economic recovery from covid-19 and how well they can balance growth with balancing the books. Tax will undoubtedly play a crucial role in this.
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2020 will long be remembered for the covid-19 pandemic which has been a major disruptor to lives globally, changing the way we live and work, hitting the economy and influencing monetary and fiscal policy. The world has become increasingly digitalised as a result, underscoring the importance of the OECD’s continued work on taxation of the digital economy which reached a significant milestone in October with the publication of its pillar one and pillar two blueprints. Meanwhile, Joe Biden is expected to be inaugurated as the next US president in January, and the Brexit deadline draws ever closer. Looking ahead, it will be interesting to see how governments approach economic recovery from covid-19 and how well they can balance growth with balancing the books. Tax will undoubtedly play a crucial role in this.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
