EU digital taxation will hinder innovation in Europe

The European Union is hoping to implement a digital tax on all non-physically acquired profits by the end of the year. What are some of the implications for the EU and innovation as such?

Remco Livain
5 min readSep 8, 2018
A European Digital Profit Tax would hit Google, Facebook and Co. most

The digital profit tax targets Google, Amazon, and Facebook in particular, who reap the benefits of their users within the EU but are taxed in the country in which the companies are based. France and Germany, in particular, are doing everything in their power to set up an agreement.

In essence, it makes sense to go after the largest companies in the world to fill up the European Unions bank account. But what will this really mean for innovative digital-first companies in the European Union? Is there a chance that this plan could backfire on the EU in the long-run?

No European First Level Platform

There is not a single European first level platform; a website or service such as Google, that…

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Remco Livain

Dutch Digital Entrepreneur. Love to share thoughts on innovation and digitalization (ceo @gandt ventures) - writer @thestartup