The European Commission today launched a public consultation requesting public input how to rework the international tax rules so digital firms rare taxed in a fair and growth-friendly way.
The Commission is working on new proposals on digital taxation, which it will present in early 2018.
The Commission is seeking ideals on both targeted, temporary measures and comprehensive long-term solutions.
“Nobody can deny it: our tax framework does not fit anymore with the development of the digital economy or with new business models. Member States want to tax the huge profits generated by digital economic activity in their country. We need a solution at EU level, bringing robust solutions for businesses and investors in the Single Market,” Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, said.
The consultation will run until January 3, 2018.
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