Business Standard

Monday, December 23, 2024 | 05:35 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Taxing digital economy

Analysts are increasing their understanding of it

illustration: Binay Sinha
Premium

illustration: Binay Sinha

Parthasarathi Shome New Delhi
How best to tax the digital economy is an issue that attracts international policymakers’ concern. Last August, ITRAF1 researchers pointed to constraints associated with both its direct and indirect taxation and, a few days back, have published their findings in a volume, the fourth in an annual series on international taxation2.
 
Blockchain and its tax challenges are addressed by Shikha Mehra and Rohit Roy. The corporate income tax uses profit as its base. However, modern business models of richly valued internet companies — WeWork and Uber — are shifting from profit to growth centric models, bypassing traditional tax nets.
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in