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Switzerland Opposed To EU's Temporary Digital Tax

by Ulrika Lomas, Tax-News.com, Brussels

22 March 2018


The Swiss Government has warned against the introduction of short-term measures targeted at tackling the problems of taxing the digital economy.

The Government said that it had made clear during this week's meeting of G20 finance ministers and central bank governors that the digital economy should be appropriately taxed. However, the Government recommended that the existing tax rules and possible options for reform should be discussed in the OECD. It stressed that in order to guarantee legal certainty, avoid over- and double taxation, and to combat high administrative burdens, governments should avoid the introduction of short-term measures.

During the summit, Swiss Finance Minister Ueli Maurer also set out his views on crypto capital. He emphasized that crypto capital poses risks associated with money laundering, terrorist financing, and investor protection.

Switzerland supports multilateral efforts in these areas, and would like to see the Financial Action Task Force prioritize work on the links between crypto capital and money laundering and terrorist financing, it was said.

TAGS: tax | corporation tax | internet | transfer pricing | tax rates | Switzerland | G20 | tax reform | European Union (EU) | Europe | BEPS

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