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EU Economic and Financial Affairs Council Notes Results of Recent Meeting Including Discussion on Digital Taxation

23 January 2020

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Proposed Changes

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European Union

The EU Economic and Financial Affairs Council has issued a release noting the main results of the meeting held 21 January 2020, including discussions on digital taxation, the European Green Deal, and the annual 'European Semester' process. With respect to digital taxation, the release includes the following: Finance ministers had an exchange of views on tax challenges arising from digitalisation. They took stock of the progress achieved in the context of the OECD, both on the reallocation of profits of digitalized businesses ("Pillar 1") and on the general reform of international corporate taxation ("Pillar 2"). The OECD has been working...