Like the OECD we are committed to a global tax system which avoids both double non-taxation and double or multiple taxation.

We acknowledge the comments made by the OECD that banking activities are not the target of potential taxes aimed at the provision of digital products and services across borders.

We note that consideration is being given to equalisation and withholding taxes. We advocate that banks should not be required to act as withholding agents in relation to any withholding taxes.

IBFED Response to OECD_27 November 2017