EBF presents recommendations for a fairer and more efficient EU tax framework

EBF BLUEPRINT
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EBF presents recommendations for a fairer and more efficient EU tax framework

BRUSSELS, 20 May 2021 – The European Banking Federation today presented its blueprint with recommendations for a fairer and more efficient EU tax framework.

The report identifies four priorities that need to be addressed:

• COMPLY with well calibrated tax reporting;
• SIMPLIFY withholding tax procedures;
• NEUTRALISE VAT distortions and other undue tax disincentives;
• RING-FENCE banking activities from other highly digitalized businesses when designing new corporate tax rules.

Based on these four priorities, the EBF has formulated 10 concrete policy recommendations that are elaborated in the 48-page EBF  blueprint ‘Recommendations for a fairer and more efficient EU tax framework’.

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For more information

Roger Kaiser, Senior Policy Adviser – Fiscal & Anti-Money Laundering, r.kaiser@ebf.eu 

Media contact:

Ruta Barthet, Senior Media and Communications Officer, r.barthet@ebf.eu

About the EBF:

The European Banking Federation is the voice of the European banking sector, bringing together national banking associations. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. Website: www.ebf.eu Twitter: @EBFeu.