OECD considers solutions to VAT challenges
The OECD’s recent Global Forum on VAT offered the opportunity to participants from around the world to provide their input on a wide range of aspects of VAT design and operation. Among the matters discussed is the boom in e-commerce on which often no VAT is collected in the Forums view. This is a key challenge in the context of the OECD/G20 Project on Base Erosion and Profit Shifting.
Approximately 300 participants, representing over 100 delegations from countries, jurisdictions and international organisations, as well as representatives from the business community and academia, gathered in Paris for the fourth meeting of the OECD Global Forum on VAT on 12-14 April 2017.