EU Proposes Tax Simplification Bills in Bid to Boost Business
4 Articles
4 Articles
The European Commission ensures that the elimination of controls and bureaucracy seeks a balance and rejects the accusations of simplification by facilitating tax avoidance for European companies.The European Commission follows the trail to simplify EU tax rules and reduce burdens on companies.This Wednesday it adopted two initiatives to modernise the European framework for direct taxation and strengthen the competitiveness of the Single Market …
Administrative simplification has become an obsession for the European Commission and under that premise has presented on Wednesday the bus package on taxation, which aims to generate an annual saving of approximately €8 billion for European companies, of which €3.3 billion specifically corresponds to direct administrative costs, as explained in a communiqué by the Community Executive. In addition, Brussels adds the introduction of a withholding…
On Wednesday in Brussels, the European Commission presented other so-called bus proposals – this time for simpler rules for direct taxation and administrative cooperation, as well as for energy and tyre labelling. In order to make Europe more competitive, Brussels wants to soften and reduce countless laws and regulations. The new proposals aim to reduce barriers in the internal market, facilitate investment and reduce energy efficiency [...]
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