The European Banking Federation today presented its blueprint with recommendations for a fairer and more efficient EU tax framework.
The report identifies four priorities that need to be addressed:
COMPLY with well calibrated tax reporting;
SIMPLIFY withholding tax procedures;
NEUTRALISE VAT distortions and other undue tax disincentives;
RING-FENCE banking activities from other highly digitalized businesses when designing new corporate tax rules.
Based on these four priorities, the EBF has formulated 10 concrete policy recommendations that are elaborated in the 48-page EBF blueprint ‘Recommendations for a fairer and more efficient EU tax framework’.
Read more at the following link: https://www.ebf.eu/wp-content/uploads/2021/05/EBF-TAX-BLUEPRINT.pdf