EU Parliament Approves Initiative for Unified EU Tax Rules

The European Parliament will launch a report investigating the feasibility of a single set of EU-wide tax rules in a bid to make the bloc’s businesses more competitive.

In a July 16 meeting whose minutes were made public on Thursday, European deputies in the parliament’s tax subcommittee agreed to start working on the report next year.

The report is meant to inform the European Commission’s ongoing work on a so-called 28th regime, meant to be a single, harmonised set of EU-wide rules, including any relevant aspects of corporate law, insolvency, labor and tax law. The EU’s 27 countries currently have ...