Digital Economy Tax

Since the summer of 2017, addressing the tax challenges of the digitalizing economy has become a priority within the OECD as well as within the EU. Both the OECD and the EU have launched public consultations (the EU consultation closes on 3 January 2018) and developments follow each other rapidly.

Politically it is clear that the EU wants to levy more tax from ‘digital companies’. Technically, this is a challenge indeed, as the current international tax framework does not facilitate this. So far, each of the options suggested to tax digital companies has substantial downsides. They may result in arbitrary taxation, inequities, double or cascading taxes, etcetera. Moreover, it seems very difficult, if not impossible, to ring-fence the digital economy in a meaningful way.

Fundamental changes seem to be required to achieve the political goals. This could affect both digital and non-digital companies. At Loyens & Loeff, we monitor these developments closely and are at the forefront of the discussions. Our experts on the topic will be happy to inform you in more detail on these developments and how they can affect your business.

New-Belgian-rules
News - 11 September 2020 - Belgium

New Belgian rules on economic dependence

On 22 August 2020, new Belgian rules on economic dependence entered into force.
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News - 17 February 2020 - Global

Update on Economic Analysis and Impact Assessment of the Pillar 1 and Pillar 2 proposals

On 13 February 2020, experts from the OECD’s Centre for Tax Policy and Administration and Economics Department provided an update on the preliminary economic...
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News - 11 November 2019 - Global

OECD’s plans for global minimum taxation: the next steps

Multinationals have now the opportunity to help shape the OECD's proposals for a global minimum taxation in a consultation open until 2 December 2019.
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News - 25 October 2019 - Global

Dutch Competition Authority Launches Market Study Into Large Tech Firms and Payments

At the request of the Dutch Minister of Finance, the Dutch Authority for Consumers and Markets (Autoriteit Consument & Markt; ACM) has initiated a market study...
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