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Europe says 'all options on table' for taxing tech giants

Europe says 'all options on table' for taxing tech giants
From TechCrunch - September 15, 2017

The European Commission is preparing a list of legal options on how to make digital multinationals such as Amazon, Facebook and Google pay more tax, Reuters reports.

The paper is being prepared for an EU summit taking place on September 29, and will be published by the time the Digital Summit takes place.

Pierre Moscovici, the commissioner for economic and financial affairs, taxation and customs, said today that the paper will put all options on the table.

We believe that the digital economy should be taxed as the rest of the economy. They should pay their fair share of taxes, he said as he arrived at a meeting of EU finance ministers taking place in Estonia.

Earlier this week a group of finance ministers from several major European Union economies signed a joint letter calling for a turnover tax to reform tax rules across the bloc by responding to where tech platforms generate revenue, not just where they book profit.

I welcome the letter sent by some ministers They support the approach of the Commission to launch the CCCTB [Common corporate tax base]a structural tax base, said Moscovici. We will put all of the options on the table.

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