TY  - BOOK
AU  - Elliffe,Craig
TI  - Taxing the digital economy: theory, policy and practice 
T2  - Cambridge tax law series
SN  - 9781108750691
PY  - 2021///
CY  - New York
PB  - Cambridge University Press
KW  - Corporations
KW  - Taxation
KW  - European Union countries
KW  - Data processing
KW  - Electronic commerce
KW  - Law and legislation
KW  - Information technology
KW  - Economic aspects
N1  - Includes bibliographical references and index
N2  - "In 2018, the total global e-commerce market worth roughly USD 7.7 trillion. Despite the size of this economy and its extraordinary growth rate, many multinational companies paid little tax in the countries in which they did business. This is not a problem that can be ignored. Digital companies grow much faster than other firms. In 2006, technology companies accounted for 7% of the top 20 market capitalisation of EU companies, by 2017 this had grown to 54%. Digital companies rely less on physical presence utilising intellectual property, enabling companies to set up a business far away from their consumers, where some of the actual economic activity takes place. Most concerning is the fact that, on average, digitalised businesses face an effective tax rate of only 9.5% compared to 23.2% for traditional business models.1 Consequently, there is widespread concern from governments and the public about the low level of income tax paid by companies operating in the digital economy"--
UR  - https://www.cambridge.org/core/books/taxing-the-digital-economy/ECCEDF3338921D06A823826407827EF0
ER  -