TAX ACADEMY - Tax on digital activities The Italian Government is working on the introduction of a 25% withholding tax (levied by banks and financial intermediaries on payments to foreign multinationals in connection with transactions with Italian customers) on the virtual presence of foreign multinationals selling into the Italian market without the PE. Cf. OECD/G20, Base Erosion and Profit Shifting Project, Addressing the Tax Challenges of the Digital Economy, Action 2014 Deliverable; OECD (2012), OECD Internet Economy Outlook 2012, OECD Publishing; Gartner, Inc. (2013), “Gartner says Mobile App Stores Will See Annual Downloads Reach 102 Billion in 2013, ”www.gartner.com/newsroom/ id/2592315 (accessed on 15 May 2014); OECD (2013), “Exploring Data-Driven Innovation as a New Source of Growth: Mapping the Policy Issues Raised by “Big Data””, OECD Digital Economy Papers, No. 222, OECD Publishing, Paris; World Trade Organisation (2013), E-Commerce in Developing Countries:Opportunities and Challenges for Small and Medium-Sized Enterprises, World Trade Organisation, Geneva; Lamensch, M. (2012), “Are ‘reverse charging’ and the ‘one shop scheme’ efficient ways to collect VAT on digital supplies?” in World Journal of VAT Law, Vol. 1, Issue 1; OECD (2001b), Taxation and Electronic Commerce: Implementing the Ottawa Taxation Framework Conditions, OECD Publishing, Paris, http:// dx.doi.org/10.1787/9789264189799-en.
Dottor Ignazio La Candia
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