Margrethe Vestager says EU will also tax tech firms who ‘create value but do not pay taxes’The European Union’s leading tech regulator has thrown her weight behind the British government’s plans to press ahead with a digital tax despite threats from Donald Trump. She said the EU would revive plans for a digital tax within a year if international efforts to find a solution failed. Although not mentioning the UK by name, Vestager backs all EU member states imposing digital taxes, based on the “very, very simple thing that most businesses pay their taxes”. Earlier in the week, the French president, Emmanuel Macron, a digital-tax champion, agreed to postpone tax plans for one year in order to find a solution through the Organisation for Economic Cooperation and Development. Speaking before Gurría’s latest intervention, Vestager said member states implementing digital taxes would get support from the commission.

Source: The Guardian January 23, 2020 19:09 UTC