Digital Economy Tax
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 proposals and developments follow each other rapidly.
Politically it is clear that both the EU and other jurisdictions 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.
Charlotte KièsPartner Tax adviser
Charlotte Kiès, tax adviser, is a member of the International Tax Services practice group in our Amsterdam office. She is also a member of the Latin America region team as well as the Spain & Portugal region team, the Energy team, the multilateral instrument (MLI) team and the Digital Taxation team.T: +31 20 578 51 67 M: +31 6 51 88 31 32 E: [email protected]
Jan-Willem KunenSenior associate Tax adviser
Jan-Willem Kunen, tax adviser, is a member of the International Tax Services practice group in our Rotterdam office. He focuses on transfer pricing and is a member of the Transfer Pricing team. He is also a member of the Digital Economy and Nordics teams.T: +31 10 224 67 98 M: +31 653 57 88 84 E: [email protected]
Pierre-Antoine KlethiSenior Associate Attorney at law / Avocat / Tax Adviser
Pierre-Antoine Klethi, senior associate, is a member of the Tax and Investment Management Practice Groups in our Luxembourg office. He focuses on corporate taxation (including relevant international developments), fund structuring and EU State Aid investigations.T: +352 466 230 429 E: [email protected]