EU scraps digital Tax Plan to elaborate Global Reform

EU scraps digital Tax Plan to elaborate Global Reform
  • Clock-gray 15:43
  • calendar-gray 12 March 2019

The proposal of the European Commission for an interim tax, actively lobbied by Paris, has faced severe opposition in Brussels and Washington, as the EU already has VAT, an income tax based on the customer's location. France, Italy, Spain, and the UK are also introducing a tax at the national level, ONAreports citing Sputnik.

Addressing the digital tax plan, the US has warned of WTO actions over "discriminatory" taxes by the EU.

Earlier in the day, the Romanian Presidency of the EU announced there has been no agreement on the tax issue despite months of negotiations.

Faiq Mahmudov

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