The EC has launched a structural reform support service to help EU member states in reviewing and improving legislative, policy and administrative tax matters in their countries and to productively grow revenues and promote EU tax harmonisation. The service is being co-ordinated by VP Valdis Dombobrovskis, who is responsible for initiatives to deepen economic and monetary union, including fiscal convergence.
The service’s focus will be to assist member states in developing their tax regimes and administration in accordance with EU best practices. It has been developed from the work and findings of major tax taskforce projects in Greece and Cyprus. It will be made available to struggling member states to help avoid another crisis like the current situation in Greece, according to Richard Asquith, VP of Global Tax at tax compliance company Avalara. He said: ‘The creation of the permanent EC tax service appears to be a sensible retention of best practices. However there may be concern that the EC’s work becomes seen as intrusive in state affairs, and its recommendations become seen as conditions to future funding support from the EC or the European Central Bank.’
The EC has launched a structural reform support service to help EU member states in reviewing and improving legislative, policy and administrative tax matters in their countries and to productively grow revenues and promote EU tax harmonisation. The service is being co-ordinated by VP Valdis Dombobrovskis, who is responsible for initiatives to deepen economic and monetary union, including fiscal convergence.
The service’s focus will be to assist member states in developing their tax regimes and administration in accordance with EU best practices. It has been developed from the work and findings of major tax taskforce projects in Greece and Cyprus. It will be made available to struggling member states to help avoid another crisis like the current situation in Greece, according to Richard Asquith, VP of Global Tax at tax compliance company Avalara. He said: ‘The creation of the permanent EC tax service appears to be a sensible retention of best practices. However there may be concern that the EC’s work becomes seen as intrusive in state affairs, and its recommendations become seen as conditions to future funding support from the EC or the European Central Bank.’
