The value of facilitation services of the 20 largest digital platforms in the EU is estimated to exceed EUR 75 billion with the value of the ecosystem they create even six times larger. Not only the value but also the pace of growth of the digital economy is immense. As an example, the earnings of people working through platforms have only increased by about 2.5 times in the past five years in the EU.
Digitalization of the economy poses new challenges to tax administration due to the emergence of new and complex business models and dematerialization of transactions. The pace of growth of the problems in recent years was immense. The digitalization creates also opportunities, in that it provides new digital instruments for improving monitoring of tax compliance and reducing its cost. Already, over half of the Member States have digital reporting requirements in place with some of them gathering information in real time.
Adapting tax systems to the challenges related to changing nature of transactions and structure of the economy is necessary to avoid tax base erosion and declining compliance. This has already been noted by many tax administrations and institutions. It stimulated the implementation of new instruments, like ‘digital taxes’.
The seminar will focus on diagnosing the problems, discussing potential and forthcoming solutions in the EU as well as economic consequences of the expected changes. The seminar will cover three selected thematic areas crucial for taxes in the digital age, which are: (1) taxing income of large digital companies, (2) digital reporting requirements, and (3) VAT in the collaborative economy.
Adam Trawiński, Ministry of Finance of Poland
Giacaomo Luchetta, Economisti Associati
Grzegorz Poniatowski, CASE
The seminar will take place on November 18, 2021, from 3:00 to 4:30 p.m.
The seminar will be held in English.