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Apple, Google and co .: EU votes for greater taxation

Sunday, September 17th, 2017 | Gadgets

A number of EU countries have joined the Germany and France push for a new European model to boost the taxation of global companies such as Apple and Google. Six other countries signed an appropriate document at an informal meeting of EU finance ministers in Tallinn.

Law draft is to be finished in spring 2018
Earlier this week, the European Commission received a letter from the Federal Government, France, Spain and Italy. It calls for the first time that sales generated in Europe should be the basis for taxation. Commissioner Valdis Dombrovskis, the Commissioner responsible, said the Brussels authorities wanted to draft a bill by next spring.
At the same time, ideas on the impetus in the coming weeks are to be concretized in order to be able to push the project through the Organization for Economic Cooperation and Development (OECD) with its 35 member states by the end of the year.
Equal taxation required
The Estonian Finance Minister Toomas T├Ániste said that it would be necessary to ensure that all companies were taxed equally, irrespective of their location. According to his point of view, more than 20 EU member states followed suit. Estonia is currently chairing the EU countries.
One of the main problems facing the EU states is that digital companies can only be taxed where they have a company location, but their business activities extend significantly beyond this. Ireland, for example, had been reminded by the Commission about the minimum taxation of Apple a year ago to demand up to 13 billion euro from the iPhone manufacturer. However, Ireland is opposed.

Europe should better defend economic interests
At the beginning of August 2017, the governments of France and Germany had worked out a plan to collect more taxes from the large US IT corporations. "You can not profit from doing business in France and Europe without paying the taxes that other companies – French or European – pay," said French finance minister Bruno Le Maire.
According to Le Maires, Europe needs to learn "to defend its economic interests much better", as China and the USA have already prepared. In September 2016, the then Minister of Economic Affairs, Sigmar Gabriel (SPD), had already presented an eleven-point plan for "a fair corporate taxation in Germany and Europe". Among other things, the Federal Tax Office and the Federal Ministry of Finance should discover whether Apple is "artificially poor" in Germany.

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