Vestager defends the national digital tax measures of EU Member States
European Commission’s Executive Vice-President Vestager has defended European countries’ plans to impose national digital taxes on large tech firms. In a Bloomberg interview, Vestager said that “I strongly applaud that (EU) member states are picking it up where we failed as a community together to do something”. Read more
Commission to launch public consultations on Energy Tax Directive and carbon border tax soon
The European Commission has published initial impact assessments of its Energy Tax Directive (ETD) revision and the so-called carbon border adjustment mechanism (CBAM).
Most interestingly, public consultations on both will be launched during Q1-Q2 2020. The actual proposals are still scheduled for Q2 2021.
On ETD specifically, the Commission aims to address minimum tax rates for energy products and electricity, how to use taxation to incentivise renewable energy and energy efficiency, and review the treatment of electricity and natural gas products and streamline current reductions, exemptions and subsidies for fossil fuels (including kerosene exemptions for aviation and maritime sectors).