Daily Tax Report: International

EU Could Revisit Digital Tax if OECD Work Stalls, Official Says

July 17, 2019, 9:30 AM

The European Commission may reconsider the Europe-wide digital tax plan that stalled early this year if efforts to reach global consensus fail, the commission’s top tax official said.

A European proposal—shelved in March after failing to get unanimous support among EU members—included a short-term tax on the revenue of digital companies, and a longer-term solution that changed how countries determine whether a digital company has taxable presence in their jurisdictions.

“Both deserve to be revisited in the context of the international negotiations, and especially if global agreement is not forthcoming,” Pierre Moscovici, European commissioner for economic and financial affairs, taxation...

To read the full article log in. To learn more about a subscription click here.