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Kozi Checks & Balances TaxTactics News

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October 16.2025

2 Minutes Read

How EU Digital Services Taxes Will Impact Global Businesses

Testimony: Digital Services Taxes in the European Union

Understanding the European Union's Digital Services Tax

The European Union’s (EU) Digital Services Tax (DST) is a significant shift in how digital businesses are taxed across member states. This tax primarily targets tech giants earning considerable revenues in the EU, imposing a 3% tax on their online advertising and data-related activities. Despite its aim to ensure that these multinational entities contribute a fair share to local economies, many fear that the burden will ultimately fall on consumers and smaller local businesses.

The Impact on German Businesses and Beyond

According to studies by Copenhagen Economics, the DST is poised to disproportionately affect smaller German businesses. Although large firms with over €750 million in global revenue fall under the DST’s umbrella, the implications stretch further into the market. The additional costs brought on by this tax may trickle down, leading to higher prices for digital services that these businesses rely on. This may stifle the growth of small and medium enterprises (SMEs) and create a ripple effect damaging to the German economy.

Global Perspectives: Are Digital Services Taxes Here to Stay?

As digital services taxes proliferate globally, it is essential to consider the broader implications of this tax policy. Countries outside of the EU, including India, Brazil, and various African nations, have proposed similar taxes reflecting a rising trend. The OECD's BEPS 2.0 initiative aims for a unified approach to tax regulation, yet individual countries continue to push forward with unilateral measures, complicating compliance for multinational companies. This evolving landscape raises questions about how businesses can prepare for future tax requirements and the potential consequences of a fragmented tax environment.

What Businesses Need to Know Moving Forward

For businesses, the key takeaway is-proactive preparation. Businesses should conduct thorough assessments of their exposure to digital services taxes now rather than reacting to regulatory changes as they occur. Incorporating tax modeling into financial planning will help companies gauge the potential impact of DSTs on their operations. As the U.S. continues to grapple with its stance on the digital economy, companies need to stay informed and engaged.

Conclusion: Preparing for Uncertainty in Taxation

With the digital economy flourishing globally, understanding the complexities of digital services taxes is critical. Businesses must adopt a proactive approach to ensure they are prepared for the evolving landscape. Keeping an eye on developments at the OECD, potential retaliatory measures from the U.S. government, and assessing internal operations will better equip companies for the uncertain tax environment ahead.

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Update The Future of Payments: Bitcoin Meets Small Business In a bold step forwarding the integration of cryptocurrency into everyday commerce, Square has rolled out new bitcoin tools designed to empower small businesses. This initiative arrives at a pivotal time when bitcoin is steadily gaining traction as a recognized form of payment and an investment asset. Miles Suter, the Head of Bitcoin Product at Block, highlighted the intent behind these tools, remarking that they cater to two essential needs: ensuring that sellers never miss a sale and providing them financial tools for enhanced management and growth. Transforming Bitcoin Into Everyday Money At the heart of this initiative is the Bitcoin Conversions service. This groundbreaking feature allows eligible US-based sellers to convert bitcoin into local currency instantly at the point of sale. This capability could vastly improve cash flow for small businesses, making bitcoin not just a speculative asset but a reliable payment method. With the official launch of Bitcoin Payments set for November 10, 2025, Square aims to make transactions as smooth as traditional credit card payments. Integration and Accessibility: A Game Changer The rollout of Square Bitcoin integrates various features including a self-custody wallet, Bitkey, and a range of bitcoin mining products under the Proto brand. This multifaceted approach ensures that small business owners have access to an array of services, often only available to larger corporations. Beyond handling transactions, these tools aim to simplify financial operations for enterprises of all sizes. Attracting a New Customer Base For many small businesses, the ability to accept bitcoin payments could open doors to new customers interested in cryptocurrency. As consumer preferences evolve towards digital transactions, offering this payment option might not only enhance customer engagement but also provide a competitive edge in a quickly changing market. According to Suter, the goal is to facilitate the transition of bitcoin into a medium of everyday exchange, breaking away from its current status as merely a store of value. Challenges Ahead: Navigating Volatility and Compliance However, the introduction of bitcoin tools for small businesses is not without challenges. The inherent volatility in bitcoin prices poses risks to pricing strategies and profit margins. Business owners need to develop effective strategies to navigate potential losses from price fluctuations. Additionally, the regulatory landscape for cryptocurrency is complex and varies widely by location, necessitating that owners remain vigilant about compliance issues. Ready to Adopt? Understanding the Learning Curve For many small business owners, the thought of adopting cryptocurrency payment systems can be daunting. The technical aspects and the necessary updates to existing operations can require extensive training and adaptation. Business owners need to fully assess their readiness to embark on this innovation journey, including staff training and customer communication strategies. Conclusion: Embracing Change for Growth As small business owners look for new ways to streamline operations and engage customers, Square’s new bitcoin tools represent a significant opportunity. By facilitating seamless bitcoin transactions alongside robust financial management features, Square empowers businesses to fully leverage the potential of digital currency. For those interested in learning more, Square has created dedicated resources on their website. As the financial landscape evolves, small businesses that adapt could lead the charge in a future increasingly influenced by cryptocurrency.

10.16.2025

Amazon's Pharmacy Kiosks: Revolutionizing Patient Access to Medications

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Unlocking Opportunities at the 2026 Tax Foundation Europe Conference and Gala

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How EU Digital Services Taxes Will Impact Global Businesses

Understanding the European Union's Digital Services Tax

The Impact on German Businesses and Beyond

Global Perspectives: Are Digital Services Taxes Here to Stay?

What Businesses Need to Know Moving Forward

Conclusion: Preparing for Uncertainty in Taxation

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