A PYMNTS Company

EU: Vestager says Europe must lead the way with a digital tax

By  |  April 9, 2019

Europe needs to decide on a digital tax and should lead the way if there is insufficient consensus globally, the EU Competition Commissioner Margrethe Vestager, said on Monday, 8 April.

There is still disagreement among EU members over how to implement a so-called “GAFA tax”—named after Google, Apple, Facebook, and Amazon—to ensure the global internet giants pay a fair share of taxes on their massive business operations in Europe.

“Europe wants to do this together but we haven’t been able to agree,” the Danish commissioner told French radio station France Inter in Paris. “And I find it’s important that each member state that wants to do something, now do something.”

Several EU countries like France and Britain have moved on with plans to launch a digital tax at the national level, prompting pushback from the United States. Talks on a joint approach have moved to the Organization for Economic Cooperation and Development (OECD), with a goal of reaching a global solution by the end of 2020.

Full Content: Telegraph

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.