A new VAT system for taxing trade between Member States must tap its full potential and limit any possible negative effects for the single market, says the European Economic and Social Committee in its recently adopted opinion on a proposal presented by the European Commission. Greater collaboration between national authorities and extensive communication by the Commission will be key to its successful implementation. Clarifications are needed on some proposed concepts and criteria and a common system for goods and services must follow as soon as possible.
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Mr Krister Andersson, rapporteur for the EESC opinion on "Taxation of profits of multinationals in the digital economy", participated as a speaker at the event “Common (Consolidated) Corporate Tax Base (C(C)CTB)“, organized by the IFA Austria in Vienna, on 8 October 2018.
The Committee calls for a fair, consensus-based international solution at the OECD level which contributes to achieving fair taxation principles and fair revenues for small and large countries alike
The European Economic and Social Committee (EESC) welcomes the European Commission's proposals regarding its Action Plan on VAT, which aim to modernise the EU Value Added Tax (VAT) system, at the same time calling for some modifications. It asks the Member States to do their utmost to implement the proposed reforms and move towards the definitive VAT system within a reasonable timeframe.
The European Economic and Social Committee (EESC) has used an own-initiative opinion to call for sufficient funding resources to be put in place for implementing the European Pillar of Social Rights. Adopted at its plenary session on 19 April 2018, the opinion calls for improvements in the Member States and a robust commitment in terms of budget, investment and current spending to make the Social Pillar a reality.
The reporting mechanism will contribute to more tax justice and fair competition in the EU
The European Commission must set out more precise hallmarks for the proposed reporting obligations on cross-border tax arrangements and transactions in order to prevent subjective interpretation by taxpayers and tax authorities which could lead to over-reporting and administrative burdens, the European Economic and Social Committee (EESC) urges in its recently adopted opinion on disincentives to tax avoidance or evasion.
A European Economic and Social Committee (EESC) hearing has drawn up preventive measures and alternative approaches for future crises
EESC reinforces debate on disincentives to tax avoidance and evasion with organised civil society and relevant stakeholders
Taxation policy should be more prominent in European development policy, says the EESC
EU Member States must work together and make every effort to achieve common international regulations for truly digital businesses