Reported 4 months ago
The International Air Transport Association (IATA) opposes changing the convention on how global airlines are taxed, cautioning that taxing airlines in the countries where they generate revenue instead of their headquarters could lead to complexity, costs, and the potential abandonment of routes. IATA Director General Willie Walsh emphasized that such changes could result in less revenue for developing countries and increased burdens for national airlines, with minimal benefits. The UN committee is considering revisions to the taxation system, with IATA stressing the importance of maintaining the current exclusive residence-based taxation system for the airlines' sustainability and profitability.
Source: YAHOO