EU Proposes Tax Overhaul to Cut Business Costs by €8 Billion a Year

NOS

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Currently, there are various obstacles resulting in insufficient EU-wide investment, according to the European Commission, partly due to the costs incurred by companies.

rd.nl

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The European Commission has presented a series of proposals that could drastically change tax regimes in the bloc. According to the executive body of the European Union, the adjustments reduce the administrative burden for businesses and stimulate investment. However, it remains to be seen whether the plans will receive the required unanimous consent from member states, as they also risk losing tax revenue as a result.

OKDIARIO

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The European Commission has proposed this Wednesday to eliminate taxes currently withheld on certain payments between companies from different EU countries and to reduce reporting obligations for multinationals and digital platforms, as part of a comprehensive reform aimed at simplifying European tax rules and reducing administrative burdens.The proposal will mean that companies will stop dealing with procedures to recover taxes withheld in cros…

La Libre

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The plan, presented as a measure of simplification and competitiveness, is already subject to criticism by NGOs, which denounce a risk of regression in the fight against tax evasion and inequality. ...