- EU lawmakers are proposing an EU-wide digital levy on major tech firms and a tax on online gambling to help fund the EU budget and repay pandemic loans.
- The Commission says a 3% digital services tax could raise up to 5 billion euros a year.
- The plan faces major obstacles because it needs unanimous approval from all 27 member states, many of which oppose giving up tax powers.
- Some EU countries have already introduced or are considering their own digital taxes as international negotiations stall.
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"
- Comments on T-268/25: Danish requirement of 100% interest for VAT grouping contrary to EU law
- VAT Concepts Explained: Permanent establishment (direct tax) vs fixed establishment (VAT)
- Six Billion Parcels, One Weak Line of Defence: EU Customs Buckle Under E-Commerce Surge
- Council Clears Croatia to Cut Fuel Excise Below EU Floor for Six Months
- VAT Invoices, Formal Defects and the Right to Deduct: The Evolution of the CJEU’s Case Law
