The direction in which the business environment is moving is mostly determined by the extremely fast development of recent digital technologies and the promotion of innovations. This indicates the beginning of a new era of the global economy. Tax authorities and governments around the world should therefore comprehend these developments and adapt their rules and regulations, if possible, to properly reflect the interest of both the states and the businesses. It should be taken into account that tax regulations and principles that are outdated could result in situations of non-taxation or tax avoidance and, ultimately, the loss of revenue. Before making any statements on how to levy taxes on online platforms such as Airbnb it will be necessary to analyse the digital economy. The characteristics and challenges of the digital economy according to the EU and the OECD will be taken into account to better understand the digital economy. Tax policymakers, at the global, EU, and regional levels, are attempting to respond to the tax challenges created by the digital economy. Even though Aruba is not member of the EU, decisions that are made at the level of the EU can still influence the decisions in Aruba. The reason for presenting the perspective of EU and that of the OECD on this matter should therefore provide a better insight for Aruba. Furthermore, both these organisations recently released their proposals on taxation of the digital economy providing the latest information.
2.1. Characteristics according to the EU
In recent years digitalization has emerged as a key economic driver that accelerates growth, transformation, and value creation. Therefore, defining the digital economy has been difficult due to ever-evolving technologies in the Information and


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