According to MEPs, improved connectivity with emerging destinations, targeted support for electric vehicle leasing and a hassle-free transport ticketing system could contribute to sustainable tourism in the EU. On Wednesday, the Committee on Transport and Tourism (TRAN) adopted a series of proposals on how to improve connectivity, preserve cultural heritage and promote local excellence in […]
Parliament set to back global minimum corporate tax rate
MEPs are expected to back new rules for a global minimum corporate tax rate from 2023 during the plenary session on 18-19 May. On 18 May, Parliament will consider a report by the economic and monetary affairs committee on ensuring a minimum corporate tax rate for large multinational corporations. The directive will apply to companies with […]
Environmental taxes in the EU
In 2020, environmental tax revenue in the EU amounted to €299.9 billion, corresponding to 2.2% of GDP. For the first COVID-19 crisis year of 2020, the majority of the countries reported significant decreases in energy taxes compared with 2019. The typical range of decrease was between 5% and 15%. EU environmental taxes accounted for 5.4% of the revenue […]
EU forces more tax transparency on multinationals
As of October 2021, Panama is on the EU list of non-cooperative jurisdictions for tax purposes. Multinational companies will have to disclose publicly how much tax they pay in each EU country, which will increase scrutiny of their tax practices. On 11 November MEPs will vote on a provisional agreement with the Council that would […]
VAT: Council reaches provisional agreement on simplified rules for small businesses
The Council today reached a general approach on further simplification of the VAT rules applicable to small businesses. The purpose of the new rules is to reduce administrative burden and compliance costs for small enterprises and to help create a fiscal environment which will help small enterprises grow and trade cross-border more efficiently. Businesses have […]