Preface; Acknowledgements; Contents; Biographies; List of Figures; List of Table; 1: Introduction: The Digital Economy and Fiscal Policy in the Age of E-Commerce; 1.1 The Issues to Be Discussed and the Alternatives That Are Available; 1.2 Reflections on the Italian Experience; 1.3 Issues That Have Emerged from the Italian Debate; 1.3.1 E-Commerce; 1.3.2 The Markets Related to the Digital Economy; 1.3.3 Sales Channels in Tourism; 1.3.4 Online Advertising; 1.4 Conclusions; 2: The Damages of Fiscal Competition in Europe and Alternatives to Anarchy; 2.1 Introduction 2.2 What Is Missing Is a European Model2.3 Convergence Is Not Always Positive; 2.4 We Need a "Grand Design": Can We Find It in Recent Developments?; 2.4.1 "Harmful" and "Non-harmful" Tax Competition; 2.4.2 Countering the Tax Havens; 2.4.3 The Ineffectiveness of Countering the Use of Tax Havens for Fictitious Activities; 2.5 Google, Apple and so on …; 2.6 … And the Digital Economy: Two Possible Solutions; 2.7 The Digital Tax and the Belated Reactions of Governments; 2.8 The Organic and Wide-Ranging Solution; 2.9 The European Common Consolidated Tax Base (CCTB) 2.10 What Are the Prospects?3: Base Erosion and Profit Shifting; 3.1 What BEPS Is and Why It Is Important to Address It; 3.1.1 The Report "Addressing Base Erosion and Profit Shifting"; 3.2 The 15-Action BEPS Project: Inclusive and Transparent; 3.2.1 15 Actions Focus on Three Pillars: Coherence, Substance and Transparency; 3.2.1.1 Inclusive; 3.2.1.2 Transparent; 3.3 Delivery: The BEPS Package for Reform; 3.3.1 Bridging the Gaps Between Tax Sovereignties with New Coordination Tools (Actions 2-5); 3.3.2 Reinforcing Existing International Standards (Actions 6-10) 3.3.3 Improving Transparency (Actions 11-13)3.3.4 Balancing the Approach (Action 14); 3.3.5 The Overarching Themes of the Digital Economy (Action 15); 3.4 Beyond Delivery; 3.4.1 Implementation; 3.4.2 Monitoring; 3.4.3 Technical Follow-Up Work; 3.5 Concluding Remarks; 4: OECD BEPS: Reconciling Global Trade, Taxation Principles and the Digital Economy; 4.1 Introduction; 4.2 Fixing a Non-existing Problem?; 4.3 The Integrity of the Trading System; 4.3.1 Digital Presence and the Trading System; 4.4 Productivity Contribution of the Internet; 4.5 Conclusions 5: Federalism, E-Commerce and Public Finance in the USA5.1 Constitutional Issues and Interstate Commerce; 5.2 Local Government Finance in the USA; 5.3 Sales and Use Tax Variations; 5.4 Economic Impact of Uncollected Retail Sales Tax Due to E-Commerce; 5.5 Lessons for Other Nations; 6: A Few Ideas for Reforming Internet Taxation; 6.1 Introduction; 6.2 The Impact of the Internet; 6.3 Conclusions: Possible Solutions; 6.3.1 Recording of Internet Domains; 6.3.2 Licensing of IP Addresses; 6.3.3 Online Advertising; 6.3.4 The Hit Tax; 7: The Digital Economy and the Tax Regime in the UK.

This volume presents contributions that analyse the extraordinary impact of digital technology on business, services, and the production of value in many sectors of the economy. At the heart of this book is the fact that the entire digital economy is now worth almost 6% of global GDP, and it continues to grow at an unprecedented rate. The volume covers the general debate on taxation and the digital economy with the chapters by Russo, Makiyama and Boccia, before completing the analysis with discussion of three national case studies covering the U.S. (Pagano), U.K. (Leonardi) and Italy (Boccia and Leonardi). Contributors are leading experts in the fields of taxation and the digital economy and contextualise the key issues surrounding the digitalisation of the economy from an international perspective.