The Finance Minister of Austria, Bulgaria, Greece, Portugal, Romania, and Slovenia have reportedly signed on to the letter asking the European Commission to develop a proposal for an equalization tax that would be levied on the turnover generated by digital companies in the EU (previous coverage). This and other proposals for the taxation of the digital companies were discussed during an informal meeting of economic and financial affairs ministers (ECOFIN) on 15 to 16 September. A summary of possible solutions is to be prepared by the European Commission for further discussion in the coming weeks.
We’re here to answer any questions you have about the Orbitax products and services.
We’re committed to providing high value, low cost tax research and management solutions.
Our Twitter account is where you can find latest information, news updates, offers and lots more.