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Sixteen Tech Companies — Including Spotify — Slam the EU’s Proposed Digital Services Tax

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Sixteen Tech Companies — Including Spotify — Slam the EU’s Proposed Digital Services Tax

Postby MrFredPFL » Wed Oct 31, 2018 9:59 pm

Story : https://www.digitalmusicnews.com/2018/10/31/latest-spotify-tech-companies-eu-dig





Last March, Pierre Moscovi, the Commissioner for Economic and Financial Affairs, along with Valdis Dombrovskis, Vice President for the Euro and Social Dialogue, had an idea.

Why not tax digital businesses to ensure that the European Union receives “a fair and growth-friendly” source of revenue?

First, the European Commission would reform corporate tax rules. The EU would force businesses with “significant interactions with users through digital channels” to register profits, thus taxing them. Moscovi and Dombrovskis noted that this was the Commission’s “preferred long term solution.”

The proposed 3% levy later became known as the ‘GAFA’ tax, as it also targeted revenue from US tech giants in Europe – Google, Amazon, and Facebook. The digital services tax (DST) would target companies with worldwide revenues of over €750 million ($848.4 million) and €50 million ($56.7 million) in Europe.







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