Taxing digital companies: UN tax panel working on new set of rules

Discusses adopting multilateral approach in tax treaties for faster solution

The United Nations’ (UN’s) tax committee, of which India is part, is developing a set of rules to tax digital services in a way that is distinct from global tax deals for large multinationals, including Google, Facebook, Netflix, and Microsoft.

The committee is looking to absorb these rules in tax treaties multilaterally.

The committee -- comprising representatives from 25 countries, including India -- met two weeks ago, when it discussed the contours and implications of the UN model and whether it could be implemented multilaterally.

This multilateral route would be a parallel to the global tax deal drawn up under