- EU lawmakers express skepticism about proposals for a VAT on financial services and a coordinated financial transaction tax
- A study highlights differences in tax regimes across EU member states for the financial sector
- Issues identified include double taxation, administrative costs, profit-shifting, and aggressive tax planning
- The current tax system is seen as a burden on the EU economy
- A lawmaker suggests focusing on making financial services more accessible
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
