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. @EU_Taxud launched today 1st round of feedback on future 'digital levy'/ #tax. Stakeholders have until 11 February to give feedback. Actual proposal is planned for Q2 2021 (June) & public consultation to come (not specified when). Some highlights below... https://bit.ly/35G8ZPL
EC says digital business models create strong tendency to market concentration & accumulation of market powerBoth Art 113 (harmonisation of indirect tax) & Art 115 (other tax rules) will be considered - maybe both! Note NO Art 116 (avoid unanimity) but this we knew
Baseline scenario - international developments. Additional policy options in consideration:
1.) corporate tax top-up on all companies conducting certain digi activities in EU
2.) tax on revenue created by certain digital activities in the EU
3.) B2B digital transaction tax
1.) corporate tax top-up on all companies conducting certain digi activities in EU
2.) tax on revenue created by certain digital activities in the EU
3.) B2B digital transaction tax
EC will consider:
Scope & definition of digital activities/transactions & of companies
EU's international obligations (e.g. DTAs)
Impact on #SMEs, consumers etc.
How to minimise avoidance risks
Future developments in digital economy
Scope & definition of digital activities/transactions & of companiesEU's international obligations (e.g. DTAs)Impact on #SMEs, consumers etc.How to minimise avoidance risksFuture developments in digital economy
