Fi­nance Min­is­ter Ed­ward Sci­cluna ad­dresses the 12th MIM In­ter­na­tional Tax Con­fer­ence

The Malta Business Weekly - - FRONT PAGE -

“A fort­night ago, less than a week after the pub­li­ca­tion by the OECD of its In­terim Re­port on the im­pli­ca­tions of dig­i­tal­i­sa­tion for tax­a­tion, the Euro­pean Com­mis­sion is­sued sev­eral pro­pos­als on a Fair and Ef­fec­tive Tax Sys­tem in the EU for the Dig­i­tal Sin­gle Mar­ket, in­clud­ing a di­rec­tive pro­posal on a Dig­i­tal Ser­vices Tax, a di­rec­tive pro­posal on the in­tro­duc­tion of a dig­i­tal per­ma­nent es­tab­lish­ment con­cept, and rec­om­men­da­tions to mem­ber states to im­ple­ment this con­cept in their dou­ble tax treaties.

In view of th­ese devel­op­ments, we need to care­fully as­sess the sit­u­a­tion and move with cau­tion, par­tic­u­larly on how far one can go when ring-fenc­ing the dig­i­tal econ­omy for tax pur­poses. We also need to ask our­selves whether it is wise that the EU should move for­ward with­out its in­ter­na­tional part­ners on the tax­a­tion of the dig­i­tal econ­omy”.

This was stated by Fi­nance Min­is­ter Ed­ward Sci­cluna on 6th April 2018 while ad­dress­ing the 12th Malta In­sti­tute of Man­age­ment (MIM) In­ter­na­tional Tax Con­fer­ence on Dig­i­tal Tax­a­tion, at the Radis­son Blu Re­sort, St Ju­lian’s.

Min­is­ter Sci­cluna stated that the dig­i­tal econ­omy must not be viewed as just tech­no­log­i­cal in­no­va­tion, but rather as an en­abler of the broader econ­omy and so­ci­ety. He also re­marked that Malta is aware of the re­cent devel­op­ments and is work­ing hard with a view to lead in this area of busi­ness.

Fi­nance Min­is­ter Ed­ward Sci­cluna con­cluded by men­tion­ing that coun­tries should work to­gether to­wards find­ing an in­ter­na­tional so­lu­tion rather than opt­ing for a quick fix.

A num­ber of lo­cal and for­eign tax ex­perts in­clud­ing Prof Pasquale Pi­s­tone (Pro­fes­sor of Wirtschat­suni­ver­si­tat in Vi­enna), Ms He­len Pa­hapill (Ad­vi­sor at the, Min­istry of Fi­nance of Es­to­nia), Dr Mario Tenore (Se­nior As­so­ciate at Maisto e As­so­ciati – Mi­lan), Mr Wis­sam Abousleiman (Man­ag­ing Di­rec­tor, Abousleiman & Co), Mr Kris­ter An­der­s­son (Mem­ber of the EESC), Dr Alessan­dro Tu­rina (Univer­sity of Lau­sanne), Mr Rus­tam Badasyan (Part­ner, At­tor­ney Con­cern Dia­log law firm), Mr Emiel Rei­jerse (Tax Lawyer and part­ner, U Ad­vi­sors and Ac­coun­tants), Prof Danil V. Vin­nit­skiy (Di­rec­tor of the In­sti­tute at USLU) also spoke dur­ing the con­fer­ence.

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