- A 5 percent digital services tax in the EU could generate up to 37.5 billion euros
- The study was published by the Centre for European Policy Studies
- The study was sponsored by the Greens/European Free Alliance group in the European Parliament
- The proposed tax could provide significant revenue for the EU during fiscal challenges
- Alternatives include a digital permanent establishment tax and a destination-based cash-flow tax
- Expanding VAT on digital transactions is also suggested
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "European Union"
- Consultation on European CBAM rules
- From Accounting Entry to Taxable Event: The Acromet Case and VAT-TP Implications
- DG TAXUD Extends ICS2 Road and Rail Transport Deadline to December 31, 2025
- Potential VAT Changes for Travel Businesses: UK and EU TOMS Reforms, New Platform Rules
- EU Report Highlights Need for Enhanced Customs Controls Amid E-Commerce Growth and Non-Compliance
