Tax Policies In The European Union: A Report On A Changing Tax System Every Tax Professional Should Read

European Union Union - Changing Tax System

The Publications Office of the European Commission has released the results of a survey on Tax Policies Of The European Union 2020. In the report the European Commission states that the next five years will be important for tax policy in Europe and especially so for corporations operating across international borders. The foreward states “Changes in climate, technology and demography are transforming our societies and way of life, leaving EU citizens anxious about their own and their children’s future.

In the face of these challenges, tax policy plays a vital role in supporting a just transition to a sustainable and digital economy compatible with the principles of our social market economy. This transition will not happen overnight. Now, therefore, is the moment to set a course for a tax system that can solve our contemporary and future challenges. This will require action at all levels: international, EU and national.

According to the report “It presents an indicator-based analysis of the design and performance of Member States’ tax systems. It has been prepared to provide policymakers across Europe with analyses and insights which can support the transition to a tax system that reflects the realities of the 21st century. By pursuing a new trajectory for tax policies, we can be confident that our social market economy will emerge from the challenges of today and tomorrow stronger, fairer, greener and more digital than ever before.”

Click Here To Download Report On Tax Policies In The European Union

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