24 June 2021

MEPs discuss tax reforms with Commissioner Gentiloni

With the Commission set to soon unveil important new plans in the ongoing process of overhauling the EU’s and the international tax architecture, MEPs of the economic and monetary affairs committee fed into the process during an hour-long meeting with Mr Gentiloni.

Mr Gentiloni said that although the road ahead was not straightforward, the context presented by the pandemic and the need to urgently raise public revenues worldwide presented a momentum never which had never been had before.

MEPs largely focussed on the EU digital levy set to be proposed by the Commission in July. They also questioned the Commissioner on work on corporate taxation, warning that pitfalls that had scuppered earlier initiatives needed to be avoided. Questions were also asked about whether the 6 countries having received tax reform recommendations from the Commission had put forward any reforms in this area in their national reform programmes.

You can watch the hearing again here

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