Gillian Tans, CEO, Booking.com: Companies need to be motivated for new innovations instead of being taxed even more

first_imgBloomberg reported that these companies are just some of a number of companies that have signed a letter to European finance ministers expressing concern over the proposed 3% tax because it would “create a harmful legal precedent in income taxation, even when the taxpayer has not yet profitable ”. In an interview, Tans emphasized that she does not oppose tax reform, but that it should be implemented on a global level, which is not very realistic. “Europe should strive to become more attractive to companies to grow their business and market their products and services in the EU.” The EU has proposed new taxation measures for services such as Booking.com The proposed new European Union measure to tax the income of technology companies within Europe has attracted a lot of negative reactions, especially from companies like Booking.com and Spotify. “Overall, this will be a major blow to technological innovation because companies should be motivated to innovate instead of taxing it even more,” said Gillian Tans, executive director of Booking, which is based in Amsterdam. “And especially for European companies. We are a European company that already pays taxes in Europe. ” Gillian Tans / Facebookcenter_img European regulatory legislation is already quite complex anyway, and taxing the income of technology companies would certainly be a major threat to Booking.com. Also, the question arises whether the said tax will have an impact on the amount of commissions of Booking.com users and what kind of complications around renting accommodation it may entail. Ultimately, it will certainly not have a positive impact on the atmosphere of tourist renters of private accommodation. It is uncertain whether income taxation will also apply to startup companies, which would greatly complicate their business growth prospects. The tax proposal “would impose a financial burden on European developing companies and weaken their ability to compete globally” and would result in double taxation, especially when it comes to taxing EU resident companies that are already subject to corporate income tax and VAT. in the above letter.last_img

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