EU pushes for Europe-wide digital tax
Earlier this year the Commission published proposals for a 3% levy. Imposing such a tax would mean charging more to companies such as Google, Amazon and Facebook, which have faced criticism for their low tax bills. However, the Republic of Ireland, the Czech Republic, Finland and Sweden are all presently opposed to a Europe-wide charge.
Should an agreement be secured before the end of the year, this may impact on the UK, as it could adopt the new measures before departing the EU on March 29th 2019 and retain them thereafter. Chancellor Philip Hammond has already threatened to act unilaterally and impose a levy in his Budget later this month.