Asia's digital economy needs a clear global tax framework

Global commerce has evolved, and so must its tax systems

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All companies have a responsibility to pay taxes in compliance with the law of countries in which they operate, © Reuters

Jeff Paine is managing director of the Asia Internet Coalition, an industry association comprising leading internet and technology companies including Google, Facebook, Apple and Amazon.

Over 135 countries, led by the Organization for Economic Cooperation and Development, are working hard to build a multilateral consensus around international tax issues arising from the growth of the digital economy. This consensus is sought through the OECD-Group of 20 Inclusive Framework on base erosion and profit shifting.

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