Wednesday November 25, 2020

European Commission wants to scrap tax vetoes

Draft policy document says need for unanimity has 'hampered progress on important tax initiatives', but EU governments are almost certain to reject the proposals

14th January, 2019
The European Commission building in Brussels. Pic: Getty

The European Union’s executive arm will propose the abolition of national vetoes on tax policy, in plans which EU governments are almost certain to reject and which could trigger a backlash from populists protesting about the encroachment on the sovereignty of member states ahead of European Parliament elections in May.

“Unanimity has hampered progress on important tax initiatives needed to strengthen the single market and boost EU competitiveness” while also having a “damaging...

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