Margrethe Vestager, European Commissioner for Competition, declared at the May plenary session of the European Economic and Social Committee (EESC) that “the Commission has been pushing for digital taxation because we need a global solution; it’s unacceptable that some companies pay taxes and others don’t”. Vestager also suggested that the Commission is considering requiring big companies to share data with their rivals to open up competition.
The new system will allow Member States to rapidly exchange and jointly process VAT data, leading to earlier detection of suspicious networks.
Building up a more sustainable and resilient European economy and completing Economic and Monetary Union (EMU) should be priorities for the next European Commission and European Parliament: these points emerged from a public hearing held by the European Economic and Social Committee (EESC) on 12 April 2019.
A summary of the Commission statement and the political groups reactions is now available.