The European Union will introduce a unilateral digital services tax if there is no worldwide accord. Economic affairs commissioner Paolo Gentiloni told La Stampa that Brussels would look to reach an agreement by 2020 but if that proved impossible the EU was not prepared to wait.
French president Emmanuel Macron also continues to push for levies on Big Tech. He said last month that he was committed to increasing taxation on such corporates, adding that any system providinng firms with a permanent tax haven was “crazy”.
Gentiloni also said yesterday that he is overseeing efforts to harmonise corporate taxes across EU member states.