ニュース

EU digital tax move expected to fail

The French-led attempt to tax digital companies 3% on turnover is being resisted by Ireland, Sweden, Finland and Denmark.

Germany is also resisting the move by refusing to agree it.

All  28 EU member countries have to be signed up to the plan if it is to be introduced.

A number of countries want a ‘go-it-alone’ strategy on taxing digital companies among them Spain, the UK and Italy which have all prepared individual national tax plans.

The fragmentation of taxing policy is being seen in Brussels as undermining the single market.