The devil, of course, is in the details, and each candidate has a different take on how these plans might be implemented under their respective administrations.
Additionally, entire books and white papers have been written about each of these kinds of tax: if you want more information about any specific plan, I’d encourage you to check them out.
In 2018 we have expanded the FTM group to 11 countries in total: Tunisia, Nigeria, Mali, Zambia, OPT, Cambodia and Vietnam have been added to the list.
During the course of 2018-2019 a total of 3 countries delivered a final report (Vietnam, Uganda and OPT), 4 countries (Nigeria, Bangladesh, Pakistan and Cambodia) have delivered draft reports which are expected to be finalized halfway through 2019.
In Germany, the company pays 30% tax on profits, whereas tech giants often exploit legal loopholes, and thus pays less that 3%. As the Commission announced that new rules could be set out as early as spring 2018, the DIGITAL SME President calls for wide agreement among Member States in order to create a EU tax law in the shortest term.
Grün considers that “solving this problem is an urgency and should remain at the centre of Commission key actions.
Although our current system isn’t very popular at home, it’s perhaps the most common tax system used in developed countries around the world.
Countries that use a progressive income tax system include China, Japan, Australia, France, Germany, Italy, Canada and the United Kingdom. A flat tax is exactly what it sounds like: a consistent tax rate applied to all tax brackets. Carson explained, that everyone would pay the same tax rate regardless of income (he suggested 10% since that “works for God”).
Building on the latest ECOFIN meeting document: “” in taxation.
DIGITAL SME has persistently highlighted that SMEs suffer unjust competition from bigger firms. If we are to regain digital sovereignty, the European Union should go further in these changes”, says DIGITAL SME President, Oliver Grün. His Germany-based software company employs over 100 people.