Changes in Tax Policy in Europe Will Impact U.S. Companies in the Digital Economy
The increasingly digital nature of the world economy is changing not only models of commerce, but also how governments seek to tax economic activity that is conducted over the Internet. How does the government of country Y tax the company that is physically located in country X, sells goods or services in country Y and then declares its profits in country Z? To address this new reality and maintain sufficient sources of tax revenue, the European Union and individual European states are looking aggressively at a variety of measures to tax foreign multinationals for their activity that delivers goods and services in Europe. Read more here.
About the authors
Claudio Palmieri represents a variety of clients. Serving businesses and individuals in general corporate matters, Mr. Palmieri has counseled regarding international, European, and civil and administrative law. His practice focuses in the areas of public tender contracts (government procurement), corporate law, EU funds, and succession (probate in civil law jurisdictions), as well as debt collection and tax litigation. Read his full biography here.
Stephen Díaz Gavin combines legal acumen and litigation experience with public policy advocacy skills to help a diverse range of clients, both international and domestic, in dealing with legal and policy issues facing them in the United States and overseas. Stephen specializes in international litigation and arbitration, including sovereign representation. Read his full biography here.