PES president Sergei Stanishev said:
“It’s time that everyone pays their fair share of tax and that billions in taxes are not diverted to the countries with the lowest rates, whether within the EU or in third countries. Taxes must be paid where the profit is generated, the rules that apply to the physical economy must also apply to the digital economy.
“I therefore very much welcome the work done by Commissioner Pierre Moscovici to put forward this proposal.”
The PES would like to see implemented an ambitious version of today’s proposal, with a Europe-wide tax rate on digital companies on the upper end of the suggested 1 to 5% range.
Stanishev said:
“There can’t be tax competition within an economic union. The current situation is unsustainable both economically and politically. We will continue to fight for a Common Corporate Consolidated Tax Base, in addition to this package, so we can achieve tax justice in the EU.”
