In recent years, Google, Facebook, and other Silicon Valley companies in the United States have been accused of paying too little tax and evading corporate responsibility in European countries. The call for reform of the tax system continues to soar. Regarding how to do it, the EU countries met on September 29 and discussed it but it is still difficult to reach an agreement. The EU Digital Summit was held on the 29th in Tallinn, Estonia. The leaders agreed that digitalization is the future trend. The EU should strengthen cyber security and invest in digital economic growth.
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However, high-tech companies represented by the Silicon Valley Corporation of the United States have incurred many criticisms because European countries have used complex networks to “transfer profits†to pay low taxes. For example, the Italian tax authorities determined in 2015 that Apple used “transfer profits†to evade taxation of approximately 900 million euros (approximately 7.07 billion yuan) in Italy; the French government demanded that Google pay 1.6 billion euros (12.57 billion yuan) in 2016. (Chinese yuan) tax.
During the summit, the participating countries such as France and Italy expressed that they should exert pressure on such enterprises to fulfill their tax liability and abide by the EU rules and can no longer condone their tax evasion.
Jean-Claude Juncker, chairman of the European Commission, said that the EU plans to propose new rules next year to eliminate the unfair treatment of Internet companies and entities in taxation. According to the estimates of the European Commission, the actual tax burden of the former is 10%, while the latter is 23%.
As for specific reform measures, there are differences within the EU. France, Italy and other countries advocate that such "digital giants" pay more taxes. French President Emmanuel Macron criticized during the summit that these high-tech companies “have not fulfilled their responsibilities or have not fulfilled enough responsibilities†in taxation.
Ireland and Luxembourg have many high-tech companies, and thus worry that rushing to increase taxes will damage domestic companies. Because Ireland, Luxembourg and other countries have implemented low tax rates, many Silicon Valley companies have shifted profits to these countries and have caused dissatisfaction in other EU countries.
The Austrian Prime Minister Christian Kern once criticized in September 2016 that the use of low tax rates by individual EU member states to attract multinational giants is detrimental to the EU system and that “things that Ireland, the Netherlands, Luxembourg and Malta are doing†are detrimental to EU unity, nor are they Benefits other EU economies.
In addition, Italy believes that EU countries can push forward the reform of the tax system; however, the Spanish side stated that it is best for the EU to unify its actions instead of acting alone.
According to Reuters, the European Commission is considering whether to deprive member states of the veto power of the tax reform so that the EU can promote reforms. Ireland strongly opposes this.
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