EU

EU should consider stripping national tax vetoes if single market under threat - report

Report by Enrico Letta, the former Italian prime minister, says the controversial Article 116 would be key to aiding SMEs and buoy the bloc’s economy

Enrico Letta, the former Italian prime minister, and Charles Michel, European Council president. Picture: Dario Pignatelli/European Union

The EU should consider stripping countries of their national vetoes on future tax laws if the single market comes under threat, a high-level EU report has recommended.

The document, which has been sent to European leaders by its author Enrico Letta, the former Italian prime minister, said a “targeted and timely use” of the controversial Article 116 in the EU treaty would be “key” over the next few years to aid SMEs and buoy the ...