Emerging Tax Issues in the Digital Economy

Janet Cuenca

No DP 2021-08, Discussion Papers from Philippine Institute for Development Studies

Abstract: The issues and challenges in taxation in the digital economy stem from the complex and multifaceted nature of the digital economy. Reaching a common understanding and measurement of its size and impact is critical in devising a tax regime for the digital economy. In APEC Secretariat (2019), the Philippines identified the major barriers and challenges (i.e., scoping and measurement of the digital economy, the regulatory and legal framework--including sandboxes and digital infrastructure gap) to implementing structural reforms relating to the digital economy. It also identified the major policy gaps in terms of its regulatory and legal framework, competition policy, internet infrastructure improvements, and consumer education on digital economy. The opportunities and challenges that the digital economy brings are particularly important for developing countries, including the Philippines. Thus, it is deemed critical for the Philippine government to eliminate the barriers and challenges and address the identified policy gaps to fully reap the benefits from the digital economy. Also, the need for development strategies cannot be overemphasized. This paper argues that development strategies should first focus on developing domestic digital capacities. Comments to this paper are welcome within 60 days from date of posting. Email publications@mail.pids.gov.ph.

Keywords: taxation; ICT; Digital Economy; information and communication technology; e-commerce; platform economy; digitalized economy; electronic commerce; digital tax; base erosion and profit shiftin; BEPS   (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-ict, nep-pay, nep-pbe and nep-sea
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