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European Commission consultation on EU Digital Levy

Tax & Accounting
13 April 2021 | Policy position
Tax & Accounting
EFAMA Comments European Commission’s public consultation on EU Digital Levy

The Commission launched a public consultation ahead of the presentation of a legislative proposal to introduce an EU Digital Levy by January 2023. For EFAMA, any new tax legislation on “digital activities” (or “digital transactions”) should not be borne by the end-investors. Our understanding is that the industry’s activities should not be in scope of the new tax. 

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