Monday, 18 September 2017
The European Commission will put forward a set of options this month to solve the issue, which is complex because of internet companies’ different business models and opposition from several member states.
A few critics of the new tax proposal, including the UK, warned during discussions in the Ecofin Council in the Estonian capital on Saturday (16 September) that the plan could be seen as an attack on US tech giants, so the move could further raise tensions between Washington and its European partners.
Despite some diverging opinions, the economics and finance ministers concluded that “we need to move together” to address the beneficial tax situation of Google, Amazon, Facebook and other companies, said Estonian Finance Minister Toomas Toniste.
“Everyone agrees that the problem exists,” he told reporters after the Council meeting.