In March 2018, the EU introduced a legislative package on the fair taxation of the digital economy. It contained proposals for an interim and a long-term digital tax. However, there was no immediate political agreement in the Council. As finding a global solution at the OECD level or a coordinated EU approach was not yet feasible at the time, some Member States started designing or implementing their own digital taxes, which gave rise to trade tensions. In this podcast, we talk about taxing the digital economy. We analyse the main challenges, look at EU proposals and new developments to make international tax regimes fit for the digital age.

EPRS policy podcast - Taxing the digital economy: New developments and the way forward

Is ar na Ballstáit atá cúram an chánachais ach tá go leor ar bun ag an Aontas Eorpach chun feabhas a chur ar chothromaíocht agus trédhearcacht. Seo chugat anois trí shampla de na bearta a dhéanann an tAontas.

Seo an méid a dhéanann an Eoraip do cháiníocóirí corparáideacha

Más rud é gur ag tús do shaoil oibre atá tú, is féidir le cúrsaí cánach eagla a chur ort. Ar an dea-uair, tá lámh chúnta ar fáil duit. Féachaimis anois ar a bhfuil i gceist leis an gcúnamh sin

Seo an méid a dhéanann an Eoraip do cháiníocóirí óga

After a series of special committees and a committee of inquiry, created to delve into the various tax leaks and scandals of recent years, Parliament established a more permanent setup to shed light on the matter.

The Economic and Monetary Affairs (ECON) subcommittee on tax matters, FISC, will be composed of 30 members. It will deal particularly with the fight against tax fraud, tax evasion and tax avoidance, as well as financial transparency for taxation purposes.

The constituent meeting will take place on Wednesday, 23 September 2020.

FISC - Subcommittee on Tax Matters

Tax measures must be adopted unanimously by the Member States. The European Parliament has the right to be consulted on tax matters, except on budgetary-related issues, for which it is co-legislator.

The power to tax is in the hands of the Member States, with the EU having only limited EU competences. As EU tax policy is geared towards the smooth running of the single market, the harmonisation of indirect taxation was addressed before direct taxation. The fight against harmful tax evasion and tax avoidance has become a recent policy priority.

Fight against tax fraud and evasion - 8th parliamentary term

Tax policy, including the fight against tax fraud, has become a hot topic over the past decade due to journalistic investigations such as LuxLeaks, the Panama Papers, Football Leaks, Bahamas Leaks and the Paradise Papers, which revealed tax leaks and tax havens. The latest finacial data-leak revealed by the media is Pandora papers.

During October II plenary MEPs voted for a resolution on Pandora papers, where they identified what they see as the most urgent measures the EU needs to take to close loopholes that currently allow for tax avoidance, money laundering and tax evasion on a massive scale. They also called for legal action to be taken by the Commission against EU countries that do not properly execute existing laws. MEPs reserved particular criticism for present and former prime ministers and ministers of EU member states whose activities were revealed by the Pandora Papers.

Tax policy has remained EU countries' own responsibility since the EU’s beginning, but the fight against tax fraud is shared by EU countries and the EU.

In November MEPs gave their final green light to new rules obliging big multinationals to publicly declare the taxes they pay in each EU country, in order to undermine tax avoidance. Multinationals and their subsidiaries with annual revenues over €750 million - and which are active in more than one EU country - will now have to publish the amount of tax they pay in each member state. This information will also need to be made publically available on the internet, using a common template and in a machine-readable format.

Since September 2020, the Parliament has had a permanent sub-committee on tax matters. The committee was established to assist the economic and monetary affairs committee with taxation issues and deals with the fight against tax fraud, tax evasion and tax avoidance, as well as financial transparency in taxation.

Fight against tax avoidance

Tax avoidance by companies cost EU countries €160-190 billion per year in lost revenue.

According to a Eurobarometer survey commissioned by the European Parliament, 75% of the EU population expects more EU action on the fight against tax fraud: it is necessary to respond effectively to this concern.
The European Parliament is leading this fight by adopting ambitious and concrete proposals to increase tax transparency and combat tax avoidance. Parliament is calling for the automatic exchange of tax rulings between member states and public country-by-country reporting for multinationals, together with a common definition of tax havens and strong and concrete sanctions.

#EUelections2019 - Corporate tax transparency

Following continued revelations in the last 5 years (Luxleaks, the Panama Papers, Football leaks and the Paradise Papers), the European Parliament decided to establish a Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance (TAX3), on 1 March 2018.

The work of the TAX3 Committee built on the work of its predecessors (the TAXE, TAX2 and PANA Committees) and investigated new issues, such as digital taxation, national citizenship programs and VAT fraud.
In the course of its mandate, the TAX3 Committee met 34 times and organized 4 fact-finding missions to Washington, Latvia, the Isle of Man, Estonia and Denmark. Hundreds of experts were heard, including Commissioners, Ministers, prosecutors, investigative journalists, anti-money laundering and tax experts, accountants, bankers and NGO representatives before submitting a final report with its recommendations, including a detailed roadmap towards fairer and more effective taxation, and tackling financial crimes.

#EUelections2019 - Special Committees TAX3 and PANA

FISC public hearing on 4 Capital Gains Taxation in the EU

Subcommittee on Tax Matters

FISC

EU TAX SYMPOSIUM – Challenges ahead & changes needed

Read-out of the College by Commissioner GENTILONI and Commissioner BRETON on the SME Relief initiatives and the proposals to simplify tax rules and reduce compliance costs for cross-border businesses

I dtreo cearta comhionanna do dhaoine faoi mhíchumais

Toradh an COP27

Fís fhadtéarmach do cheantair thuaithe AE

Aghaidh a thabhairt ar dhúshláin leanúnacha in earnáil na heitlíochta agus ar an tionchar ar phaisinéirí, ar oibrithe, ar acmhainneacht agus ar an tsábháilteacht

Plean gníomhaíochta chun borradh a chur faoi sheirbhísí fadraoin agus trasteorann iarnróid do phaisinéirí

Plenary session

An Lá Idirnáisiúnta um Dhíothú na Bochtaineachta

An Smacht Reachta i Málta, cúig bliana i ndiaidh fheallmharú Daphne Caruana Galizia

Freagracht FRONTEX as sáruithe ar chearta bunúsacha ag teorainneacha seachtracha an Aontais i bhfianaise thuarascáil OLAF

Breoslaí muirí inbhuanaithe (an Tionscnamh 'FuelEU Maritime') - Imscaradh bonneagair breoslaí ionadúla

Treoirlínte le haghaidh bheartais fostaíochta na mBallstát

EP Plenary session - Role of tax policy in times of crisis

TAX Symposium - Opening session

FISC - Tax Symposium 2023 ' The future of taxation in the EU: challenges ahead & changes needed '

FISC - Exchange of views with Paolo GENTILONI, Commissioner responsible for Economy, on Tax Matters

FISC - Public hearing on ' New EU common system for the avoidance of double taxation and prevention of tax abuse in the area of withholding taxes '

FISC subcommittee - Public hearing on ' Tackling the role of enablers involved in facilitating tax evasion and aggressive tax planning in the European Union (SAFE) '

EP Plenary session - Need to adopt the “Unshell” Directive on rules to prevent the misuse of shell entities for tax purposes

EP Plenary session - Topical debate - Tax the rich

FISC Subcommittee public hearing on ' The role of tax policy in controlling inflation and promoting sustainable growth in the context of economic recovery '

FISC Subcommittee public hearing on The work of national tax authorities : ressources, strategies, cooperation

FISC Subcommittee - Public Hearing on ' Case studies on member states national tax policies - Germany: implemented national tax reforms and the combat against aggressive tax schemes '

FISC Subcommittee.- Exchange of views with Achim PROSS, Deputy Director, OECD Centre for Tax Policy and Administration

EP Plenary session - Rules to prevent the misuse of shell entities for tax purposes

EP Plenary session - Topical debate - Tackle the cost of living crisis: increase pay, tax profits, stop speculation

FISC subcommittee - Exchange of views with Members of the Budget Committee of the Czech national parliament on tax policies in the Commission’s work programme for the years 2022 and 2023 and the priorities of the Czech Presidency

EP Plenary session - Impact of new technologies on taxation: crypto and blockchain

ECON Committee - Structured dialogue on taxation with Paolo GENTILONI, Commissioner for Economy

A delegation from the Budgetary Control Committee go to Budapest to assess ongoing issues with the protection of the EU budget in the country, and particularly the control systems and procedures the government has in place to manage the recovery and resilience funding. MEPs meet with Gergely Karácsony, Mayor of Budapest, Dr László Windisch, President of the State Audit Office and the National Tax and Customs Administration (NTCA).

Fact-finding mission of the EP CONT Committee to Budapest (Hungary): Meeting with Gergely Karácsony, Mayor of Budapest, Dr László Windisch, President of the State Audit Office and the National Tax and Customs Administration (NTCA)

MEPs hear from Council and the Commission on what is being done to keep energy bills down and to help EU citizens deal with the social and economic consequences of the war in Ukraine. In a resolution adopted on 5 October, Parliament called for the EU’s response to focus on the most vulnerable and advocated more emergency measures to ease the pressure of rapidly rising energy prices on European households and businesses. Extracts from the debate.

Keep the bills down - social and economic consequences of the war in Ukraine and the introduction of a windfall tax: extracts from the debate

With energy prices skyrocketing and households being put under increasing financial pressure, MEPs discuss the merits and the most effective way of imposing a windfall tax on energy companies’ profits. In a resolution adopted in May, MEPs called for such a tax in principle. Closing statements by Věra JOUROVÁ, Vice-President of the European Commission in charge of Values and Transparency and by Mikuláš BEK, Czech Minister for European Affairs.

Taxing windfall profits of energy companies: closing statements by Věra JOUROVÁ, Vice-President of the European Commission in charge of Values and Transparency and by Mikuláš BEK, Czech Minister for European Affairs

With energy prices skyrocketing and households being put under increasing financial pressure, MEPs discuss the merits and the most effective way of imposing a windfall tax on energy companies’ profits. In a resolution adopted in May, MEPs called for such a tax in principle.

Taxing windfall profits of energy companies: MEPs debate

With energy prices skyrocketing and households being put under increasing financial pressure, MEPs discuss the merits and the most effective way of imposing a windfall tax on energy companies’ profits. In a resolution adopted in May, MEPs called for such a tax in principle. Opening statements by Mikuláš BEK, Czech Minister for European Affairs and by Věra JOUROVÁ, Vice-President of the European Commission in charge of Values and Transparency

Taxing windfall profits of energy companies: opening statements by Mikuláš BEK, Czech Minister for European Affairs and by Věra JOUROVÁ, Vice-President of the European Commission in charge of Values and Transparency

With energy prices skyrocketing and households being put under increasing financial pressure, MEPs will discuss the merits and the most effective way of imposing a windfall tax on energy companies’ profits. In a resolution adopted in May, MEPs called for such a tax in principle.

Taxing windfall profits of energy companies: extracts from the debate

The Commission adopted the Taxonomy Delegated Act on 9 March 2022. It proposes the inclusion, under certain conditions, of specific nuclear and gas energy activities in the list of environmentally sustainable economic activities covered by the so-called EU Taxonomy. Parliament rejects the motion to oppose the inclusion of nuclear and gas as environmentally sustainable economic activities.

Taxonomy Delegated Act: extracts from the debate and the vote

MEPs vote on the following topics: Amendment to Parliament’s Rules of Procedure concerning Rule 216 on committee meetings - Gabriele BISCHOFF (S&D, DE); Amending the Taxonomy Climate Delegated Act and the Taxonomy Disclosures Delegated Act; Technical standards for the application of position limits to commodity derivatives and procedures for applying for exemption from position limits; Additional crisis measures to support the EU fishery and aquaculture sectors in the context of Russia's invasion of Ukraine - Nuno MELO (EPP, PT); 2021 Report on Bosnia and Herzegovina - Paulo RANGEL (EPP, PT); 2021 Report on Serbia - Vladimír BILČÍK (EPP, SK); 2021 Report on Kosovo - Viola VON CRAMON-TAUBADEL (Greens/EFA, DE); The EU and the defence of multilateralism - Javi LÓPEZ (S&D, ES); Addressing food security in developing countries - Beata KEMPA (ECR, PL); EU action plan for the social economy - Jordi CAÑAS (Renew, ES)

Voting session, including Amending the Taxonomy Climate Delegated Act and the Taxonomy Disclosures Delegated Act

The Commission adopted the Taxonomy Delegated Act on 9 March 2022. It proposes the inclusion, under certain conditions, of specific nuclear and gas energy activities in the list of environmentally sustainable economic activities covered by the so-called EU Taxonomy. First part of the debate.

Amending the Taxonomy Climate Delegated Act and the Taxonomy Disclosures Delegated Act: MEPs debate (part 1/2)

The Commission adopted the Taxonomy Delegated Act on 9 March 2022. It proposes the inclusion, under certain conditions, of specific nuclear and gas energy activities in the list of environmentally sustainable economic activities covered by the so-called EU Taxonomy. Opening statements by Bas EICKHOUT (Greens/EFA, NL), Sirpa PIETIKÄINEN (EPP, FI) and by Mairead MCGUINNESS, EU Commissioner for Financial Services.

Amending the Taxonomy Climate Delegated Act and the Taxonomy Disclosures Delegated Act: opening statements by Bas EICKHOUT (Greens/EFA, NL), Sirpa PIETIKÄINEN (EPP, FI) and by Mairead MCGUINNESS, EU Commissioner for Financial Services

&lt;p>The Commission adopted the Taxonomy Delegated Act on 9 March 2022. It proposes the inclusion, under certain conditions, of specific nuclear and gas energy activities in the list of environmentally sustainable economic activities covered by the so-called EU Taxonomy. Closing statement by closing statements by Mairead MCGUINNESS, European Commissioner for Financial Services.&lt;/p>

Amending the Taxonomy Climate Delegated Act and the Taxonomy Disclosures Delegated Act: closing statement by Mairead MCGUINNESS, European Commissioner for Financial Services

&lt;p>The Commission adopted the Taxonomy Delegated Act on 9 March 2022. It proposes the inclusion, under certain conditions, of specific nuclear and gas energy activities in the list of environmentally sustainable economic activities covered by the so-called EU Taxonomy. second part of the debate.&lt;/p>

Amending the Taxonomy Climate Delegated Act and the Taxonomy Disclosures Delegated Act: MEPs debate (Part 2/2)

Bas EICKHOUT (Greens/EFA), Christophe HANSEN (EPP, LU), Emma WIESNER (RE, SE), Silvia MODIG (The Left, FI) and and Inna SOVSUN, member of the Ukrainian Parliament /Rada (remotely) hold a press conference on Taxonomy, the Commission’s plan to include certain nuclear and gas activities in the list of environmentally sustainable economic activities.

Press conference by Bas EICKHOUT (Greens/EFA), rapporteur on Taxonomy; Christophe HANSEN (EPP, LU), Emma WIESNER (RE, SE), Silvia MODIG (The Left, FI) and and Inna SOVSUN, member of the Ukrainian Parliament/Rada

MEPs debate on national vetoes to undermine the global tax deal in the plenary session in Brussels.

National vetoes to undermine the global tax deal: MEPs debate

This infoclip aims to illustrate the inclusion or non-inclusion of gas and nuclear in the list of environmentally sustainable activities covered by the EU taxonomy. The complementary Taxonomy Delegated Act put forward by the Commission on 9 March 2022 proposes the inclusion of specific nuclear and gas energy activities in the list of environmentally sustainable economic activities covered by the EU taxonomy. The Taxonomy regulation is part of the Commission’s action plan on financing sustainable growth and aims to boost green investments. The footage shows the arrival of Liquefied natural gas (LNG) in Rotterdam, The Netherlands, household gas consumption in Belgium, and a nuclear plant in Forsmark, Sweden.

Infoclip: Taxonomy - gas and nuclear

The joint ECON and ENVI Committees hold a vote on a motion for resolution objecting to the Complementary Climate Delegated Act (CDA) under the Taxonomy Regulation, adopted by the Commission on 9 March 2022. Bas EICKHOUT (Greens/EFA, NL) explains the Parliament's position. The vote is adopted 76 in favour, 62 against and 4 abstentions. The resolution will next be voted in the July plenary where an absolute majority will be required.

Taxonomy regulation: extracts from the vote and statement by Bas EICKHOUT (Greens/EFA, NL)

The EU's commitment to the objectives of the Paris Agreement, and the ambitious European Green Deal, require significant investment. It is estimated that hundreds of billions of euros are needed in the current decade to reach the carbon reduction targets. The EU taxonomy is a classification system that aims to channel public and private investment into environmentally sustainable economic activities in order to achieve environmental objectives, such as those in the fight against climate change. It establishes a dynamic list of economic activities considered to be environmentally sustainable, provided they contribute substantially to at least one environmental objective and do not significantly harm any other. Press conference by Bas EICKHOUT (Greens/EFA, NL), EP Rapporteur for the Taxonomy Regulation Christophe HANSEN (EPP, LU), Paul TANG (S&D, NL), Emma WIESNER (Renew, SE) and Silvia MODIG (The Left, FI).

Taxonomy's delegated act on nuclear and gas: Press conference by Bas EICKHOUT (Greens/EFA, NL), EP Rapporteur for the Taxonomy Regulation Christophe HANSEN (EPP, LU), Paul TANG (S&D, NL), Emma WIESNER (Renew, SE) and Silvia MODIG (The Left, FI)

MEPs debate on Wednesday and vote on Thursday on the Commission proposal implementing the international agreement on a global minimum corporate tax rate of 15%. The draft text calls for a review clause that would allow for the annual revenue threshold above which a multinational corporation would be subject to the minimum tax rate to be revised. Closing statements by Aurore LALUCQ (S&D, FR), rapporteur and by Mairead MCGUINNESS, European Commissioner for Financial Services, Financial Stability, and Capital Markets Union.

Minimum level of taxation for multinational groups: closing statements by Aurore LALUCQ (S&D, FR), rapporteur and by Mairead MCGUINNESS, European Commissioner for Financial Services, Financial Stability, and Capital Markets Union

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FISC public hearing on 4 Capital Gains Taxation in the EU

FISC public hearing on 4 Capital Gains Taxation in the EU

FISC public hearing on 4 Capital Gains Taxation in the EU

FISC public hearing on 4 Capital Gains Taxation in the EU

FISC public hearing on 4 Capital Gains Taxation in the EU

FISC public hearing on 4 Capital Gains Taxation in the EU

FISC public hearing on 4 Capital Gains Taxation in the EU

FISC public hearing on 4 Capital Gains Taxation in the EU

FISC public hearing on 4 Capital Gains Taxation in the EU

FISC public hearing on 4 Capital Gains Taxation in the EU

FISC public hearing on 4 Capital Gains Taxation in the EU

FISC public hearing on 4 Capital Gains Taxation in the EU

FISC public hearing on 4 Capital Gains Taxation in the EU

FISC public hearing on 4 Capital Gains Taxation in the EU

FISC public hearing on 4 Capital Gains Taxation in the EU

FISC public hearing on 4 Capital Gains Taxation in the EU

FISC public hearing on 4 Capital Gains Taxation in the EU

FISC public hearing on 4 Capital Gains Taxation in the EU