- The European Commission has released its Annual Report on Taxation 2023, which evaluates tax policies in the European Union and suggests improvements.
- The report highlights challenges caused by high inflation due to energy price increases and suggests initiatives to address this issue, including the adoption of the “Pillar Two” directive and the BEFIT proposal for corporate tax reform.
- Other measures include improving VAT systems through digitalization and implementing the European Green Deal to address climate change.
- The report also includes specific sections on personal income taxation, corporate income taxation, environmental and health taxation, VAT trends, tax administration, and future tax policy discussions.
- An accompanying document provides tax revenue data for the EU and individual member states.
Source Deloitte
See also
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