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Brussels — The European Commission on Tuesday pushed back plans to end individual member states’ veto power on the introduction of a proposed tax on digital revenues by five years to 2025.
In a nonbinding proposal on wider tax reform, the commission recommended EU states end the practice that requires the backing of all 28 members to approve EU tax rules, contrary to other fields where decisions are made by a majority.
The EU executive proposed that in some sectors, such as environment levies, EU states should agree quickly on whether to end the veto. However, for the digital tax, whose progress is blocked by some EU states, the decision to end the veto could be taken by the end of 2025, it said, pushing back the deadline from 2020, as indicated in an initial draft seen by Reuters.
In another crucial step back from initial plans, on Tuesday, the EU executive led by former Luxembourg prime minister Jean-Claude Juncker decided to dismiss a legal procedure that could make tax reforms e...
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