The CIOT was responding to an OECD request for input on its work regarding the Tax Challenges
of the Digitalised Economy.1 The Institute set
out its concerns at the potential application
of withholding tax to digital
transactions and «equalisation levies» (revenue based taxes).2 These would lead to greater
complexity, the likelihood
of double taxation on the same profits and, potentially, be a negative influence on further innovation by companies.
Gas follows a well laid -
out pricing that corresponds to the
complexity, bandwidth, and storage usage
of each
transaction.