May 30, 2018 - European Union

European Commission Presents Digital Tax Package

On March 21, 2018, the European Commission proposed new rules for the taxation of digital activities and digital business models in the EU (‘digital tax package’).

If these rules are implemented, numerous European and non-European companies would have to pay a 3% tax on all their European revenue from digital services (‘digital services tax’).

To find out more about the consequences of these new tax regulations, read our client alert.