World Business News

A round up of the latest news for those doing business internationally

EU Commission pushes for Direct to Indirect tax shift

Zone(s): Europe ¦ Sector(s): Tax
[3 June 2014, Tax-News.com] By Ulrika Lomas, Tax-News.com, Brussels: Unveiling country-specific tax recommendations for member states, European Tax Commissioner Algirdas Šemeta said that “much more remains to be done before we have a level of taxation that supports a job-rich recovery.”

According to Šemeta, “with a tax wedge of 46.5 percent in the Eurozone, our tax burden on labour outweighs other Organisation for Economic Cooperation and Development (OECD) countries.” The Commission has therefore called on twelve European Union (EU) member states – Austria, Belgium, the Czech Republic, Germany, France, Hungary, Italy, Latvia, Lithuania, Netherlands, Romania, and Spain – to do more to shift taxation away from labor. They should focus instead on the three Ps: of pollution, property and purchases.

Read the full release at:
tax-news.com/news/EU_Commission_Pushes_For_Direct_To_Indirect_Tax_Shift____64865.html