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Today’s Top Headlines

EU To Discuss New Proposals For Tackling Tax Avoidance

by Ulrika Lomas,, Brussels

11 August 2017

EU finance ministers are to discuss a joint proposal from France and Germany on the taxation of home-sharing platforms, according to reports.

The Guardian newspaper reported that the scheme will be discussed when finance ministers meet in Estonia on September 16. The discussion will also concern the taxation of the sharing economy, with the Commission expected to present its own proposals.

The paper reported France's new finance minister, Bruno Le Maire, as saying that "These digital platforms make tens of millions of sales and the French treasury gets a few tens of thousands."

Vanessa Mock, a spokesperson for the European Commission, told The Guardian that there must be a "level playing field" when it comes to tax.

She said: "Tax is complicated and it is a unanimity issue and that's why we can't necessarily race into a new area like this without reflecting on the best approach to taxing a digitalized economy."

TAGS: compliance | tax | European Commission | value added tax (VAT) | tax compliance | tax avoidance | real-estate | Estonia | internet | tax planning | France | Germany | tax breaks | tax reform | Europe | BEPS

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