French digital tax proposal risks harming French startups, investments and consumers prices

Brussels, BELGIUM — Today the French government announced its proposal for a national digital service tax. If approved by the French Parliament, the law could enter into force retroactively from January 1, 2019. The proposed 3% turnover tax is targeted at companies with certain digital business models and revenues above €750m globally and €25m in…

New EU Digital Tax Proposal Raises New Concerns, Broad Support for Global Reform

Brussels, BELGIUM — European Finance Ministers were unable to decide on the EU Digital Services tax (DST) proposal at today’s Economic and Financial Affairs Council meeting due to a last-minute French-German compromise text. The new text would limit the tax to advertisement activities and would allow Member States to introduce a broader tax base in…

European Finance Ministers Should Focus on Global Tax Reform, Not Unilateral Actions

Brussels, BELGIUM — European Finance Ministers are meeting in Brussels tomorrow, Tuesday, for the Economic and Financial Affairs Council (ECOFIN) meeting where they will consider the EU Digital Services Tax (DST) proposal.  The DST would levy a 3% tax on certain so-called digital companies’ turnover.  It would apply from January 2022. G20 leaders this weekend…

EU Digital Tax Proposal Is Discriminatory And Harmful to Europe’s Digital Economy

Brussels, BELGIUM — The European Commission today presented a package of digital tax proposals. The package contains two legislative proposals, including a Directive introducing “an interim tax on certain revenue from digital activities.” This controversial digital services tax will be set at 3% of companies’ gross revenues from making available advertisement space, intermediation services and…

CCIA welcomes OECD’s report, warns against unilateral EU digital tax

Brussels, BELGIUM — The Organisation for Economic Co-operation and Development (OECD) released its “Interim Report on Tax Challenges Arising from Digitalisation” this afternoon. The report will be discussed at the G20 Meeting of Finance Ministers and Central Bank Governors starting Monday in Buenos Aires. The OECD report touches on the European Commission’s proposals on digital…