- Estonia blocked EU plans to put VAT on Airbnb and Uber-style online platforms
- Concerns were raised about potential price increases for consumers
- EU tax commissioner denied claims that the tax would only affect SMEs
- Belgium’s finance minister aims to find a compromise by the end of June
- Estonia’s veto also halted wider tax reform efforts
- Lobbyists for the hotel industry argue for fair competition with digital rivals
- Concerns about online giants not paying enough taxes have been growing
- Ministers also agreed on new rules for withholding tax to prevent double taxation and fraud scandals
Source: uk.news.yahoo.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
