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Daily Tax Report: International

Nordic Countries, Ireland Dash EU’s Hopes for 2018 Digital Tax Deal (2)

Nov. 28, 2018, 4:23 PMUpdated: Nov. 28, 2018, 7:51 PM

The chances of a digital tax on large internet companies like Facebook and Alphabet Inc.’s Google vanished Nov. 28 when Ireland, Sweden, Denmark and Finland refused to agree to impose the temporary 3 percent levy.

At a preliminary meeting of ambassadors, who gathered to prepare agenda details for the bloc’s Dec. 4 meeting of finance ministers, the Nordic nations and Ireland were joined by Germany, the U.K., and the Netherlands in opposition, according to officials that attended the meeting.

The levy applies to businesses with global annual revenue of at least 750 million euros ($876 million), and annual EU revenue...

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