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Proposals for Taxation of Digital Companies in the EU

14 September 2017

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Proposed Changes

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European Union-France-Germany-Italy-Spain-Estonia

Two proposals for the taxation of digital companies in the EU are to be put forward during the upcoming EU Finance Ministers meeting scheduled for 15 to 16 September 2017. One proposal is being supported by the Finance Ministers of France, Germany, Italy, and Spain, which in a recently published letter have asked the European Commission to explore EU law compatible options and propose effective solutions based on the concept of establishing a so-called equalization tax that would be levied on the turnover generate by digital companies in the EU. However, Estonia, which currently holds the EU presidency, has reportedly...