At the end of 2021, the European Commission released a “Proposal for a council directive on ensuring a global minimum level of taxation for multinational groups in the Union.”
From 2023, all EU goods destined for the UK market will need to be certified with a new regulatory customs mark, recognising the regulatory independence of the UK from the EU.
This year Credit Day for the European Union falls on the 17th of December. This is the day which, on average, EU member states have spent their tax-based revenues and start borrowing to meet their needs.
Production taxes in France have long been a contentious issue closely linked to employment and wage growth. France currently sets one of the highest levels of production taxes in the EU, which can be seen as an example of the government’s habitual over-taxation.
The latest International Tax Competitiveness Index, published by the Tax Foundation, illustrates the wide variation in the quality of tax systems across Europe.
The voting patterns of political parties in the national parliaments of Greece, Italy and Spain, and of their members of the European Parliament, show certain similarities, including a tendency for parties in government to support free trade agreements and those in opposition to resist them, whatever their political orientation.