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Several EU countries block tax on large digital firms
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IANS | 30 Apr, 2018
Several European Union (EU) members opposed the adoption of a temporary
tax on sales by large digital firms, proposed by the European Commission
and promoted by France, the bloc's Bulgarian presidency said on
Saturday.
Bulgaria currently holds the presidency of the EU, and
finance ministers from the block's 28 member states were meeting here on
Saturday, reports Efe news.
"Some countries don't want to have
short term decisions, they prefer to have long term, but from our point
of view we need both," Bulgarian Finance Minister Vladislav Goranov
said.
Of the adoption of the tax, which the French government
wanted to see approved before the end of the year, the Bulgarian
minister said it would be done "as soon as possible."
This is
first time that the EU has held a ministerial level discussion on the
proposal that seeks a 3 per cent tax on the billing of certain digital
services of firms with a turnover of more than 750 million euros ($911
million) in the world and more than 50 million euros in the EU.
Malta, Belgium, Ireland and Luxembourg have opposed the proposal.
European
Commissioner for Economic Affairs, Pierre Moscovici, defended the
measure, saying "it's not a protectionist approach, it's something which
is in the interest of all Europeans wherever they live, and that it
won't damage this economy which is very strong".
The tax would be
temporary as an urgent measure to make up for the low tax contribution
of these companies until a long term solution is adopted.
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