EU finance ministers have agreed a set of conclusions on taxation of the digital economy, which will form the basis of the EU’s contribution to international discussions on tax reform. ‘We need to take international taxation rules into the digital age to ensure fair taxation for both digital and non-digital companies’ said the finance minister of Estonia, current holder of the Council presidency.
Stressing the importance of working in close cooperation with the OECD, the Council supports the Commission’s plans, outlined in September, to explore the concept of ‘virtual permanent establishment’, together with amendments to the rules on transfer pricing and profit attribution.
These conclusions will also feed into the Commission’s legislative proposals for ‘quick fixes’ at EU level, expected early in 2018. See http://bit.ly/2iVzf3j.
EU finance ministers have agreed a set of conclusions on taxation of the digital economy, which will form the basis of the EU’s contribution to international discussions on tax reform. ‘We need to take international taxation rules into the digital age to ensure fair taxation for both digital and non-digital companies’ said the finance minister of Estonia, current holder of the Council presidency.
Stressing the importance of working in close cooperation with the OECD, the Council supports the Commission’s plans, outlined in September, to explore the concept of ‘virtual permanent establishment’, together with amendments to the rules on transfer pricing and profit attribution.
These conclusions will also feed into the Commission’s legislative proposals for ‘quick fixes’ at EU level, expected early in 2018. See http://bit.ly/2iVzf3j.
