On Wednesday 21 March, the European Commission will publish three separate texts on ensuring the adequate short- and long-term taxation of companies in the digital sector (see EUROPE 11982).
The first document covers the short term: a digital services tax (DST). This will be levied on the gross revenue of digital activities (for instance, advertising revenue). In the draft document, of which EUROPE has had sight, the tax base is described as follows: it is not a...