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European Economic and Social Committee Publishes Opinion on Taxation of Profits of Multinationals in the Digital Economy

17 July 2018

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Proposed Changes

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European Union

The European Economic and Social Committee (EESC) has published its opinion approved on 12 July 2018 regarding the taxation of profits of multinationals in the digital economy. The opinion addresses the European Commission proposals for taxing the digital economy, which includes rules for a taxable digital presence and an interim tax on certain revenue from digital activities. The key points of the opinion are as follows: The EESC welcomes the fact that the Commission is taking digital tax initiatives, giving further momentum to international discussions by providing a clear example of how the current tax principles could be transformed; believes...