DIGITAL ECONOMY AND CURRENT TAX PRACTICES

Taxation of the digitalized economy is rather the top topic in on the global tax discussions. The international tax principles and rules have to adapt to the new era and any measures should be agreed on global basis and through a coordinated approach. The digital economy changes not only the way businesses operate but al¬so the way the members of our society interact with each other. The digitalization of the economy is challenging and new tax rules have to be established, at international level, in an effort to promote economic growth and social stability. The current work is open to questions and thoughts. There are no definitive answers. Any attempt to provide answers in a dynamically changing environment would be doomed to failure. Only through continuous coordinated efforts the new environment may be regulated in order to contribute to the welfare of society.