Global tax deal is not enough

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While we still need to digest and assess the full financial impact of the pandemic, Covid-19 has undeniably accelerated existing trends in the retail sphere. For years, online shopping had been on the rise, making retail business models increasingly omnichannel. But the pandemic has led to its definitive breakthrough, also reaching countries and communities where penetration had previously been more limited.

In his latest column for ACROSS Magazine, ECSP’s secretary general Joost Koomen looks at what needs to be done to establish a level-playing field between brick-and-mortar and pure online retail, in particular, with regard to taxation. Access the full article here.