EU Pushes to Adopt Digital Tax by Year End

In a meeting to be held this week, EU finance ministers will reportedly be pushing for the adoption of a tax on companies’ digital turnover by the end of 2018.

However, it is said that the governments of member nations are still at odds on how to reach the goal of increasing levies on digital services.

Smaller states with lower tax rates such as Ireland and Luxembourg say that the EU has to come up with a global reform of digital taxation. France and Italy, meanwhile, are supporting the EU Commission’s proposal for a 3% tax before a global overhaul which Austria is likely to move forward with.

 

Source: Reuters