Bloomberg Tax
May 28, 2020, 2:41 PM

New EU Tax Proposals Later if OECD Talks Fail, Top Official Says

Stephen Gardner
Stephen Gardner
Freelance Correspondent

The European Commission could propose an EU-wide digital services tax and a minimum tax on multinationals in 2021, the bloc’s top tax official said Thursday.

The digital tax proposal, which would hand some direct tax-raising power to the European Union, would help pay for the bloc’s spending plans through 2027, which have ballooned because of the need to recover from the economic crisis caused by coronavirus, Paolo Gentiloni, the EU’s economy commissioner, said at a news conference in Brussels.

“We should be more ambitious on taxation,” Gentiloni said.

But the commission will wait for the outcomes of ...

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