The presentation addresses the impact of the digital tax proposal (EU and Italian) on Chinese companies doing business in Italy. It has been used during a seminar at the Chinese University of Fiance and Economics.
Basic idea of what leads to the middle income trap - a theorized economic development situation in which a country’s growth slows after reaching middle income levels, and how innovation could help affected countries escape.
When a government spends more than what it currently receives in the form of taxes and fees during a fiscal year, it runs in to a deficit budget. When the budget deficit is financed by borrowing from the public and banks, it is called deficit financing.
Internal auditing departments are led by a chief audit executive ("CAE") who generally reports to the audit committee of the board of directors, with administrative reporting to the chief executive officer (In the United States this reporting relationship is required by law for publicly traded companies).
This Italy Power Point highlights these facts and much more including: 20 Points on General Information, 12 Points on Family Life, 23 Points on Food, 15 Points on Food Etiquette, 16 Points on Social Etiquette, 21 Points on Business Etiquette, 5 Cautions for Travelers, and 14 Points on Trivia.
Basic idea of what leads to the middle income trap - a theorized economic development situation in which a country’s growth slows after reaching middle income levels, and how innovation could help affected countries escape.
When a government spends more than what it currently receives in the form of taxes and fees during a fiscal year, it runs in to a deficit budget. When the budget deficit is financed by borrowing from the public and banks, it is called deficit financing.
Internal auditing departments are led by a chief audit executive ("CAE") who generally reports to the audit committee of the board of directors, with administrative reporting to the chief executive officer (In the United States this reporting relationship is required by law for publicly traded companies).
This Italy Power Point highlights these facts and much more including: 20 Points on General Information, 12 Points on Family Life, 23 Points on Food, 15 Points on Food Etiquette, 16 Points on Social Etiquette, 21 Points on Business Etiquette, 5 Cautions for Travelers, and 14 Points on Trivia.
http://www.thewrightcpa.com Wright and Associates, CPA's are highly proficient at E-Auditing, and specialize in serving Non-Profits and Colleges. Check us out!
Scrambling for New Tax Bases: Global Digital Economy and Local Fiscal Measure...University of Ferrara
Slides used during the 2022 Conference at the University of Sevilla "Pablo de Olavide" held on November 21st 2022 "Desafíos y retos de la tributación indirecta en elnuevo contexto interno e internacional"
Presentation used during the October 23rd 2019 Seminar at the Central University of Finance and Economics, Beijing. Part of the slides are taken (and adapted for the Chinese audience) from my previous lectures in the UK and Turkey.
http://www.thewrightcpa.com Wright and Associates, CPA's are highly proficient at E-Auditing, and specialize in serving Non-Profits and Colleges. Check us out!
Scrambling for New Tax Bases: Global Digital Economy and Local Fiscal Measure...University of Ferrara
Slides used during the 2022 Conference at the University of Sevilla "Pablo de Olavide" held on November 21st 2022 "Desafíos y retos de la tributación indirecta en elnuevo contexto interno e internacional"
Presentation used during the October 23rd 2019 Seminar at the Central University of Finance and Economics, Beijing. Part of the slides are taken (and adapted for the Chinese audience) from my previous lectures in the UK and Turkey.
Scrambling for New Taxable Bases - Global Digital Economy and Local Fiscal Me...University of Ferrara
This is the presentation used during the Conference held (virtually) at the University of Sevilla "Pablo de Olavide" on December 3rd 2020. It0s a summary of previous input statement with some minor updates as the COVID-19 situation is evolving. The event has been sponsored by the Junta de Andalucía and the European Union in the framework of a research project I am partner of, sponsored by the Spanish ministry of Education.
Facilitating Entrepreneurial Financing: Tax Incentives and EU LawUniversity of Ferrara
This presentation (draft version here) is used for the Conference organized in Opatija (HR) on October 5th 2015 by the University of Rijeka and by the Jean Monnet Interuniversity Center for Excellence. It is thereofre maily aimed at Italy - Croatia business interactions
► Digital economy is raising complex issues for VAT systems
► OECD (November 2015): “International VAT/GST Guidelines” published with a heavy
focus on the place of supply of cross-border supplies of services and intangibles and the
application of the principles of destination and neutrality
► Trend toward digital supplies becoming taxable in the country of consumption
► Businesses increasingly needing to make VAT decisions in real time (at the point
of sale)
► Policymaking is developing – typical developments:
► Joint and several liability for online marketplaces
► Active searches for non-established ESS suppliers
► Removal of low value import thresholds
► Tax authorities are going digital
► Plus increasing inter-governmental cooperation
► Reputational risk rising
This is the rpesenation used uring the 2018 Tax Research Network conference at the University of Birmingham Business school. The full apper is available on acadenia.edu or researchgate.net
Presentation discussed during the October 18th 2019 meeting of the International Tax Centre, Singapore. BEPS project, Pillar 1 analysis, the Italian situation and the steps taken at EU level
With a number of recent and upcoming developments in the OECD's international tax work, we invite you to join a live webcast with experts from the Centre for Tax Policy and Administration for an update on the work relating to the tax challenges arising from the digitalisation of the economy, in view of the upcoming G20 Finance Ministers meeting.
Website: http://oe.cd/taxtalks
Key Takeaways:
- Background and Overview of Legal Provision
- Facts of the Case
- Contentions of the Assessee and Revenue
- Supreme Court’s Verdict
- Key Learnings and Way Forward
Key Takeaways:
- Background of BEPS Conflict
- Recommendations and Measures in place
- Significance and impact of G7 Policy Decision
- Way forward on implementation
Equalisation Levy - Newly introduced - scope and nuances finalTilak Agarwal
A webinar on Scope and Nuances of newly introduced Equalisation Levy was presented to the members of Bangalore branch of ICAI. This presentation summarizes some of the relevant considerations and case studies along with issues unresolved on new EQ Levy on e-commerce business. Also covers the Interplay between EQ Levy and TDS u/s 194-O
The OECD's new work program would fundamentally change the way multinationals are taxed in the digital age, raising numerous questions of economic effects, compliance costs, and coordination between countries.
The four elements necessary for the OECD to be successful:
1.Identification of the scope and magnitude of the issues being addressed and how they are left unresolved by previous BEPS efforts.
2.A clear set of recommendations on both taxing rights and anti-base erosion policies that do the least amount of harm to economic growth.
3.Economic assessment of the potential impact of the policies on cross-border investment, cost of capital, foreign direct investment, compliance and administration costs, and countries’ tax revenue.
4.Commitment from countries to remove policies that conflict with the recommendations
Over the years, tax competition has led some countries to adopt more neutral, pro-growth business tax policies. This project could directly undermine that progress.
In this era of technology intertwined lifestyle, e-commerce has become a way of life. E-commerce seemingly facilitates every other aspect of our lives at a click of a button,
Digitalisation has a wide range of implications for taxation, impacting tax policy and tax administration at both the domestic and international level. As a result, the tax policy implications of digitalisation have been at the centre of the recent global debate over whether or not international tax rules continue to be fit for purpose in an increasingly changing environment.
HDG - Base Erosion & Profit Shifting (BEPS) - Conceptual Analysis & Country b...Hitesh Gajaria
How Tax Authorities are Globally Coming Together to Combat the Digital Disruption
World's Largest Cab Co ... Owns No Cabs! - (Uber)
Largest Accommodation Provider .... Owns No Real Estate! (Airbnb)
World's Most Valuable Retailer .. Has No Inventory!
World's Largest Movie House ... Owns No Cinemas! (NetFlix)
Most Popular Media Owner .. Creates No Content! (Facebook)
This is the presentation prepared fior the 24 may 2024 conference (online) at Tilburg University on the UN role in shaping International taxation in the years to come.
L'imposta integrativa e il Pillar II: i meccanismi di riscossioneUniversity of Ferrara
Presentazione discussa durante il seminari organizzato presso l'Università cattolica del Sacro Cuore di Milano dall'Ordine dei dottori commercialisti di Milano
La riforma del processo tributario: il principio di chiarezza e sinteticitàUniversity of Ferrara
Sintesi dell'intervento tenuto online il 26 gennaio 2024 al convegno organizzato da PRODIGT - Architetture tributarie nell'ambito dei seminari della giustizia tributaria
Attualità e prospettive dell'economia digitale: la direttiva cd. "DAC-8"University of Ferrara
La presentazione costituisce la traccia dell'intervento tenuto il 26 gennaio 2024 in qualità di membro della Commissione di studi "Finanza ed Economia Digitale" della Camera degli Avvocati tributaristi di Palermo.
Sospensione, interruzione ed estinzione del processo tributarioUniversity of Ferrara
Slides utilizzate nella lezione tenuta il 19 gennaio 2024 presso l'Università della Campania "Luigi Vanvitelli" nell'ambito del corso di perfezionamento in diritto processuale tributario
La presentazione, utilizzata per una lezione al Master in Pianificazione tributaria internazionale presso l'Università "La Sapienza" di roma affronta il concetto di extraprofitto nelle sue più recenti declinazioni, nell'ordinamento tributario italiano
This is the presentation delivered during the July 13th 2023 class at the Summer School in Environmental taxation at the University Federico II of Naples. It is the update of the 2022 edition.
THE EU VAT Directive Conference PROF MARCO GREGGI Presentation.pdfUniversity of Ferrara
Presentation discussed at the 2023 Malta institute of Taxation on June 14th 2023. In this presentation i discuss the notion of "free" service under the 2006/112 Directive and the relevant case law.
This presentation has been delivered at the 2023 Conference organised at the University of Lyon III on May 5th 2023, It argues how the notion of beneficial ownership as used in the OECD Model convention is squill subject to different interpretations and is sued with different purposes in Italy and France.
This presentation has been delivered at the University of Coimbra, Faculty of Economics, meeting on April 12th 2023. The event was held to celebrate Professor Rick Krever (apparent) retirement.
Presentation used during the March 1st 2023 Conference at the SUPSI University of Lugano (CH). At the very end of this presentation I challenge the positivistic approach of the OECD and I advocate the necessity and the need for customary law baed international tax system.
Presentation held at the State University of Milan on May 19th 2022. The author addresses the possible impact of the European Green deal on Italy and the laters developments under the Repower EU plan.
Presentation delivered at the fourth edition of the Summer School in Environmental tal taxation, University of Bari, under the Direction of Professor Gianluca Selicato (September 21st 2021)
Energy Taxation: the European Framework and the Italian StrategyUniversity of Ferrara
Presentation delivered at the Summers School in European Environmental Taxation,University of Naples «Federico II». My gratitude goes to Professor Roberta Alfano for her kind invitation and to Professor Fabrizio Amatucci for chairing the session.
Presentation given at the University of Ferrara's seminar on Taxation after COVID-19. The event has been organized together with the University of Lyon III and the Boston University School of Law.
L'attuazione della direttiva 2020/285 e l'impatto sulla compliance d'impresaUniversity of Ferrara
This is the presenation used during the 2021 lecture at the Ph.D course in EU law and national legal system in Ferrara. I tried and forecast the possible impact the Directive will have on the Italian business sector anticipating some hot issues that will be under the spotlight in the months to come.
buy old yahoo accounts buy yahoo accountsSusan Laney
As a business owner, I understand the importance of having a strong online presence and leveraging various digital platforms to reach and engage with your target audience. One often overlooked yet highly valuable asset in this regard is the humble Yahoo account. While many may perceive Yahoo as a relic of the past, the truth is that these accounts still hold immense potential for businesses of all sizes.
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
1. Digital Taxation: an Assessment
Professor Marco Greggi
Beijing, November 6th 2019
1
2. Outline of the Presentation
• The “Many Faces” of a Single Problem;
• The OECD Gentle Approach;
• The European Strategy;
• The Italian Case.
2
3. The Theory
• Digital Business disrupts the classical concepts of International Tax Law,
whose development dates back to the League of Nations;
• Residence State;
• Source State;
• Result: asymmetry between the place where value is created and the
place where the business is liable to tax;
• Yet the definition of “Digital” or “Web” is anything but clear.
3
5. The OECD Position
• Base Erosion and Profit Shifting Project, Action 1: addressing the Tax
Challenges of the Digital Economy using the concept of Value
Creation;
• October 5th 2015, the Final report focuses on three main areas of
intervention;
1. Permanent establishment;
2. Transfer pricing (taxation ancillary to value creation);
3. CFC update, as to address digital businesses.
• Not recommended:
• Equalization levy, digital presence test, specific withholding taxes.
5
6. The Commission Strategy
• Two Prongs approach:
• Soft law:
1. Recommendation to the Member state to re-negotiate wherever / whenever possible
DTCs with third countries consistently with the necessities of the digital economy;
• Hard Law:
1. Directive proposal addressing the definition of permanent establishment where DTCs
are not in force with third countries, as to attract more income in the EU in qualified
circumstances COM (2018) 147;
2. Directive proposal introducing a new Digital Tax to target specific digital operations
COM (2018) 148.
• The new (Italian) Commissioner to taxation, Mr. Gentiloni,
confirmed so far this approach.
6
8. The Italian Case
• As from January 1st 2020 the Italian Digital Tax should be in force:
• 3% tax on the revenue for the services delivered online in Italy concerning:
• Advertisement;
• Social interface;
• Data management;
• Threshold relevant:
• Amount of revenue in Italy no less than € 5.500.000 (costs are not deductible);
• Global amount of revenue no less than € 750.000.000.
8
9. Redefining digital presence
• Italy has unilaterally extended the scope of Permanent
establishment in 2018, including the “hidden PE”:
• A continuous economical presence of a non resident business
arranged in a way as not to match the physical presence test;
• Introduced a targeted digital service tax, inspired by EU guidelines (as
from January 1st 2019: §§ 35 – 52 Italian Finance Act 2019).
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12. The End of the Story
12
Netflix announces a partnership with
Mediaset and a new legal seat in Italy.
Reed Hastings: «We are considering a legal
seat in Italy as to address the increasing
number of tax disputes Netflix
is experiencing».
Note: Netflix currently has approx.
2.000.000 clients (source: ANSA) in Italy for
a minimal monthly payment of € 14 each.
13. Concluding Remarks
• Innovation driven by Budget necessities;
• Temporary nature (waiting for OECD / EU precise guidelines);
• For Chinese Businesses: necessity to rely on the Double Taxation
Convention as for what concerns the definition of Permanent
establishment.
13
14. Thanks for your Attention
marco.greggi@unife.it
14Trademarks and Logos used in this presentation belong to the respective owners. All rights reserved.