Taxation on online activity is still not decided. The E.U. Economic and Financial Affairs Council, which was to set the criteria for taxing the online giants that beautifully evade taxes throughout the continent, decided to postpone the discussion until Sept. 29, when the heads of state and government will meet in the Estonian capital, Tallinn, a few days after the German elections.
And the countries of northern Europe together with Ireland, Luxembourg and the Netherlands (which host the fictitious sites of multinationals in Europe) are the most cautious in dealing with this hot potato: Many online companies have huge investments in these latitudes and no one wants to put the stick in the wheels of Google, Facebook, Amazon and their peers.
The pressures from France and Italy were soon bounced back. So, the statements from Pier Carlo Padoan sounded derisive: “We think that this issue needs to be accelerated because it is mature now, we hope to make progress.” And a few hours they changed it to reverse.