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Abstract

Digitalisation is rapidly transforming the economy. Experts are now examining the implications of this for tax law. Considering the nascent stage at which the digital economy is, tax law is likely to be impacted by the manner in which privacy laws are enacted in India. Further, research has only recently begun into understanding the economic value created by newer intangibles and other assets, such as customer data, that highly digitalized companies use to generate tremendous profits. At the same time, measures to tax the digital economy are being adopted by jurisdictions around the world on the shared moral premise that adequate taxes are not being paid in their respective jurisdictions. This shared sentiment appears to be giving way to inefficient unilateral withholding taxes that undermines the international tax treaty framework. Further, while the focus today may be on highly digitalized companies, the principles laid down today would affect all companies as their business models undergo increasingly inevitable digitalization. The talk will focus on the interplay between morality, privacy and economics with international tax law centered around the current debate on digital economy.

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