European Commission Issues June Monthly Infringement Package

The European Commission (EC) June 4 published tax decisions in the June monthly infringement package. The package includes decisions to send letters of formal notice to: 1) Germany, for adopting rules that retroactively withdraw the 50 percent investment deduction allowance for anticipated investment expenses when movable assets are transferred to permanent establishments (PEs) in other EU or European Economic Area (EEA) countries, which disproportionately limits small and medium-sized enterprises (SMEs) from operating across the EU and EEA; 2) Poland, for improperly transposing Directive 2021/514/EU on administrative cooperation (DAC7) by granting exemptions from the mandatory automatic exchange of information (AEOI) rules ...