Being able to appropriately tax the companies operating in the digital economy is a major global challenge. However, in the absence of a global consensus at the G20/OECD level we need to move ahead at EU level. By agreeing on a coordinated EU-wide approach we will ensure the integrity of the Digital Single Market.
Therefore, we welcome the EU Commission’s proposals that have been published today. We continue to support the EU’s ongoing work and hope it provides an impulse for the discussions at the G20/OECD level, while at the same time providing a basis for coordinated EU action to effectively align the taxation of highly-digitalised business profits with the place where value is created.
Our next step will be to thoroughly analyse the details of the proposals.We now look forward to constructive discussions in the Council with a view to finding agreement as soon as possible.