EY Worldwide Digital Tax Guide helps clients navigate the emerging tax policy landscape with respect to digital and law

London, 8 November 2016

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  • Provides a jurisdictional breakdown of emerging digital tax provisions
  • Deep scenario analysis of digital business models across eight industries
  • Provides digital tax and law experienced insight for more than 120 countries

EY announces the launch of the EY Worldwide Digital Tax Guide that updates and expands the existing Worldwide Cloud Computing Tax Guide and looks at sector-specific digital business models within Technology, Automotive, Banking and Capital Markets, Consumer Products, Telecommunications, Media and Entertainment, Insurance and Life sciences.

The Guide features insight from in-country EY professionals who identify known and emerging tax and law issues, insights and opportunities within each sector, specifically analyzing issues of nexus, indirect taxation and the landscape created by the Organisation for Economic Co-operation and Development’s (OECD) Base Erosion and Profit Shifting initiative (BEPS). The Guide provides insights for more than 120 countries, to be released in phases, and will be expanded to include emerging regulatory changes relating to digital tax administration.

Channing Flynn, EY Global Tax Technology Sector Leader, says:

“As the digital revolution continues to disrupt global enterprises, the tax policy and legislative landscape is evolving as it struggles to keep-up with emerging technologies and digital business models. The Worldwide Digital Tax Guide features updated jurisdictional summaries of the key tax provisions governing transformational issues such as cloud computing. Our analysis of leading digital economy transactions across eight key sectors will help business navigate the complexities and challenges ahead.”

Unilateral new tax laws in numerous countries have led global enterprises to assess the tax impact of digital transactions on their business models. The Guide includes an overview of key corporate income tax and indirect tax matters for existing and emerging digital business models as well as an indication of key legal issues – in those countries where EY practices law – that affect these arrangements. It also identifies those countries that have Digital Tax Administration provisions affecting how taxpayers engage with the local country tax authorities.

The Guide is the result of a worldwide study of EY member firms about tax issues relating to cloud computing transactions under a number of common operating models.

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