Economic impact of Article 12AA: New UN tax model provision on cross-border services
A new UN tax model provision risks triggering an estimated US$241 million in annual government revenue losses for the Global South. Any revenue gains from the new provisions would be fully offset, resulting in a net fiscal loss. This independent Oxford Economics report, commissioned by ICC, is the first quantitative assessment of the potential economic and fiscal impacts of the new Article 12AA on cross-border services.
