Will the next trade war be over digital taxation? In the past year, nearly a dozen nations have announced intentions to claw back revenue from tech companies doing business in their country, but without a physical presence there. In response, the U.S., where many of the tech companies are based, has opened trade investigations into 10 countries and the European Union. This video, featuring Bloomberg Tax’s Isabel Gottlieb, explains how digital taxes work and whether the international community can find a solution to this growing global rift over how to tax the digital economy.
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To contact the executive producer responsible for this video: Josh Block at jBlock@bloombergindustry.com