How to fairly and effectively tax digital economy?
“Nobody can deny it: our tax framework does not fit anymore with the development of the digital economy or with new business models. Member States want to tax the huge profits generated by digital economic activity in their country. We need a solution at EU level, one which will deliver robust solutions for businesses and investors in the Single Market.” Said Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs.
The European Commission has launched a public consultation on how the EU can ensure that the digital economy is taxed in a fair and growth-friendly way. Taxing the digital economy has become an issue of pressing importance – politically and economically. The Commission is particularly interested in gathering views on the main problems related to taxing the digital economy, for Member States and business. It also asks for feedback on possible solutions to these problems – both targeted, temporary measures and comprehensive long-term solutions. This public consultation will feed into the work underway on the digital taxation proposals for next year and runs until 3 January 2018.