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1 Daniel Bunn, A Summary of Criticisms of the EU Digital Tax 1 (2018)

handle is hein.taxfoundation/smceudgx0001 and id is 1 raw text is: u9 no A Summary of Criticisms of the EU Digital Tax FISCAL FACT Daniel Bunn No. 618 Director of Global Projects Oct. 2018 Key Findings * The European Commission (EC) has introduced two proposals intending to tax digital companies that have significant activity in Europe. * The long-term proposal is a framework for establishing taxable digital presence in EU countries. * An interim proposal would tax the revenues from some digital activities of multinational corporations at 3 percent. * The 3 percent tax on revenues would operate like a tariff impacting multinational companies not based in the EU. * Both proposals are likely to have a broad impact despite being intended to target just a portion of the economy. * Several European leaders have weighed in against the proposals with comments recommending a more global solution rather than a European solution to taxing digital activities. The proposals rely on redefining how and where value is created, attributing value creation to users who often interact with digital platforms for free. The Tax Foundation is the nation's leading independent tax policy proposed 3 percent ain i activities would research organization. Since 1937, our research, analysis, and experts have informed smarter tax policy at the federal, state, and local levels. We are a 501(c)(3) nonprofit business climate in Europe. organization. @2018 Tax Foundation Distributed under Creative Commons CC-BY NC 4.0 Editor, Rachel Shuster Designer, Dan Carvajal Tax Foundation 1325 G Street, NW, Suite 950 Washington, DC 20005 202.464.6200 taxfoundation.org

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