European Parliament Panel Backs Funding for Tax Cooperation

April 22, 2021, 5:48 PM

A European Union program that funds cooperation between the bloc’s tax authorities was approved by the European Parliament’s economic and monetary affairs committee Thursday.

The EU will allocate 269 million euros ($323 million) for the program—known as Fiscalis—to use on projects involving tax authorities from two or more bloc countries through the end of 2027.

  • The funding will pay for joint investigations, tax recovery projects, IT systems to better connect EU countries’ tax offices, training, and other measures to better spot fraud.
  • A version of Fiscalis previously ran from 2014 to 2020. More than 5,000 tax officials in ...

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