- European Parliament adopted resolution urging EU Commission to simplify tax code to boost economic growth and industrial competitiveness
- Resolution received 499 votes in favor with key recommendations including reducing administrative burdens for cross-border businesses and harmonizing Tax Identification Numbers
- Parliament suggests cutting reporting requirements, introducing EU Tax Data Hub, and simplifying VAT and tax avoidance rules
- Commission plans two legislative proposals for 2026 including revised tax information sharing directive and tax omnibus bill
- Goal is creating simpler, more transparent EU tax framework to enhance competitiveness amid global economic pressures
Source: globalvatcompliance.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.
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