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This week EIBF submitted its contribution to the European Commission’s open public consultation on the implementation of a European digital tax. The objective of the latter is to introduce a measure that allows for a fairer contribution from companies that operate in the digital sector, in order to support the European economy.
EIBF believes it is high time that digital tech giants pay their fair share of taxes where they generate profit and contribute to national economic activities.
Our contribution to the consultation calls for swift action on a European digital tax for tech giants, as well as an adequate solution at international level, that would level the playing field without harming the online growth of European SMEs.