Italy, France, Germany and
Spain have signed a joint document renewing calls for the
European Union to introduce a system to raise more tax from
Internet giants such as Google, Facebook and Amazon.
The document has been released three days before the summit
at Tallinn, where the heads of State and government will discuss
a 'web tax'.
The digital economy has "profoundly" changed the way to do
business and "the way in which it must be taxed" the document
said. As a result "a profound revision of the current taxation
system" is needed to ensure it is "efficient, fair and
transparent".
Rome, Berlin and Madrid have backed and French proposal to
tax the Internet companies revenues instead of their profits.
Estonia, which holds the EU duty presidency, is proposing
taxing internet companies in the EU states where they make their
profits, not at their tax residence.
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