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    • UK Based Global VAT and Tax Compliance Consultants
    12
    May

    EU Commitee Says Tax System Unfit For Digital Economy


    The European Economic and Social Committee said that European tax rules haven’t adapted to fit the current digital economy. The EESC held a debate on how to adapt tax rules to the digital economy on the 5th of May. The keyspeaker Rita de la Feria a Professor of Tax Law at the University of Leeds, said: “The digital economy is no longer a part of the economy, but is becoming the actual economy itself. Either we continue to fit reality in our law, patch measures, or try to adapt our rules and laws especially in areas of fraud, and offer prosperity to our people.” In her presentation, she highlighted the cost of fraud to countries revenue, how organized crime is “subsidized,” and what the impact of non-compliance on taxpayer confidence is


    Essentia Global Services – European / International / Global vat tax compliance consultants and management agents.
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    We are specialists in global indirect tax management. We help businesses to manage their worldwide compliance with respect to VAT/GST and similar taxes, effectively and economically. Essentia Global Services – European / International / Global vat tax compliance consultants and management agents. Essentia also provides VAT Training Courses and an EU VAT Number Lookup Platform. VAT Global Management & International VAT Registration.