The European Commission created a high-level expert group...
The European Commission created a high-level expert group on the best way of taxing the digital economy, it said Tuesday. The panel will focus on identifying the main problems with digital taxation from an EU perspective, it said. The EC…
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will use its recommendations to draft any necessary legislation, it said. The group is expected to start work before the end of the year and report in the first half of 2014, the EC said. Today’s tax systems were conceived before computers, said Taxation, Customs, Statistics, Anti-Fraud and Audit Commissioner Algirdas Šemeta. Taxes shouldn’t be an obstacle to all that’s good about the digital revolution, but the digital sector must also play and pay fairly, he said.