LaSalle’s May 2021 Macro Indicators

Taxing Times Call For Taxing Measures


Taxation is typically a national or local issue, not a global
one. However, the runaway success of technology companies and, in
recent years, online retailers has elevated the topic to the
international arena. The pandemic has increased tech companies’
market-leading positions, as locked-down households and
businesses availed themselves of on-line products and services.
 Many of these companies have a vast store of highly
scalable intellectual capital, which can be “relocated” to
whichever jurisdiction taxes it the least.  Or to put it
another way, when most of a business lives in “the cloud” how do
you tax it?