EU Predicts €5 Billion Annually from Bloc-Wide Digital Tax

The European Commission estimates it could raise up to €5 billion ($5.82 billion) each year from a 3% digital services tax levied across the bloc.

The bloc could also raise up to €1.9 billion from an online gambling tax, and between €3 billion and €4 billion from a crypto transaction tax, according to a commission assessment meant to inform negotiations on the EU’s next seven-year budget seen by Bloomberg.

The document also said the bloc could raise between €1 billion and €2.4 billion from a capital gains tax on crypto assets. But, it warned, the cryptocurrency market “remains ...