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EU: Taxation of digital economy; considering possible outcomes

EU: Taxation of digital economy; possible outcomes

Concerning taxation of the digital economy, the EU Member States have not yet been able to reach agreement on an EU-wide tax measure, and some believe it is doubtful whether such an agreement could be reached before there is an international solution from the Organisation for Economic Cooperation and Development (OECD).

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The OECD is currently discussing four proposals for a solution at the international level. Read TaxNewsFlash

A number of countries—including France, Spain, Italy, Austria, and the United Kingdom—no longer seem willing to wait and are already at an advanced stage with the introduction of unilateral tax measures (a “digital services tax”) that, for the time being, only appear to affect large online technology companies.
 

Read a March 2019 report prepared by the KPMG member firm in the Netherlands

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