Governments agreed in Paris that the new rules would apply not only to digital service companies like search engines, social media platforms and cloud computing services but also more traditional companies selling directly to end consumers.
Business-to-business companies and mining and oil firms would not be covered and financial firms would probably be excluded as regulators usually require them to hold capital in the country where their clients are, Saint-Amans said.
Some developing countries are concerned the thresholds will suit big developed countries and they also have concerns about a proposal for a binding dispute resolution mechanism.
Origen: Global tax rules set for overhaul as states seek to avoid new trade war – Reuters
It’s a beginning…
