Eu To Pursue Web Tax Plan

EU, tax plan

The European Union plans to introduce a tax on digital services even in the absence of a global accord on a so-called ‘web tax’, said the Commissioner-designate for Economic Affairs Paolo Gentiloni. “My first task will be to see whether it is possible to introduce a web tax at the OECD/G20 level, that is to say at a global level because that would be the most effective solution,” said Gentiloni. “The Commission will seek to reach an accord by 2020 but if that’s not possible my mission will be to propose a European web tax … we’re not prepared to wait,” he added.

Gentiloni said he would also oversee European efforts to harmonize corporate taxes across member states and review the bloc’s current regulation on energy taxation.

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