EU - State of the Union Address
On 12 September 2018, European Commission President Jean-Claude Juncker delivered the annual State of the Union Address. With respect to taxation, a letter of intent published in relation to the address includes priority initiatives for delivery before the European Parliament elections (expected May 2019), including the adoption of the proposals on:
- Fair taxation in the digital economy
- The Common Consolidated Corporate Tax Base
- The creation of a single EU VAT definitive regime.
In relation to these and other tax matters, the letter of intent also notes a further initiative for more efficient law-making in the field of taxation, which would include a move to qualified majority voting. Currently, major tax-related changes are generally subject to unanimous approval by the EU Member States, which has often proved difficult to obtain.
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