EU Looks to Make Progress on Crypto, Energy, Online Tax Changes

The European Union has a little over two months to make progress on a host of tax initiatives before the end of the year, including overhauls of energy, cryptocurrency, e-commerce, and tobacco taxation.

The European Commission—the EU’s executive branch—is also pushing countries to adopt new rules to equalize the tax treatment of debt and equity, and discourage the use of shell companies for tax avoidance purposes in the coming months.

“We are in the midst of an ambitious agenda on international and European tax reforms to create a fairer tax system,” and EU countries should “live up to the challenge ...