- The European Commission estimates a bloc-wide 3% digital services tax could generate up to €5 billion annually.
- It also sees potential revenues of up to €1.9 billion from an online gambling tax.
- A crypto transaction tax could bring in €3 billion to €4 billion, while a capital gains tax on crypto assets could raise €1 billion to €2.4 billion.
- These estimates are part of preparations for negotiations on the EU’s next seven-year budget.
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.
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