European Economic and Social Committee 23 February 2022, Opinion of the European Economic and Social Committee on Communication from the Commission to the European Parliament and the Council Business Taxation for the 21st Century (COM(2021) 251 final)

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The European Economic and Social Committee (EESC) expresses its support for the Commission's strategy on business taxation, emphasizing the necessity of aligning EU directives with the OECD/G20 global consensus on Pillar 1 and Pillar 2 to ensure a level playing field. The opinion advocates for the implementation of a Debt Equity Bias Reduction Allowance (DEBRA), the Business in Europe: Framework for Income Taxation (BEFIT), and measures to address the tax implications of cross-border remote working. Furthermore, the EESC calls for a uniform global implementation of the tax package to prevent competitive disadvantages for European businesses and recommends a review of VAT coverage to eliminate loopholes.AI