Italy, French, Germany and Spain have a signed a common initiative to profoundly review the actual taxation system to assure a more efficient, fair and clear tax system. The four countries signed this common initiative 4 days before the meeting that will take place in Talllin. They propose to ensure that all the goods and service are subject to the same VAT wheter they are digital or physical, they also added that there shouldn’t be double standards because it can weaken competition. About the web tax the document reaffirmed the Ecofin’s approach, that implement the principle of a taxation based on where the revenues are generated, but that means that we should quit the idea of a permanent establishment of companies that collides with the new era of a digital business.
