Digital Tax Rewrite Can Be a Plus for Companies, Uber Exec Says

New OECD digital tax rules can be a win for companies because they could gain certainty, even if compliance costs rise, an Uber tax executive said.

“There is a new world order on how business models operate; the tax rules are going to change,” Francois Chadwick, Uber’s vice president of finance, tax, and accounting, said Thursday. “As companies, we will have to adapt,” he said at a virtual event hosted by Bloomberg Tax.

A company can still gain clarity and avoid double taxation under a new system, Chadwick said.

The Organization for Economic Cooperation and Development is working to ...