European Parliament and Committee on Economic and Monetary Affairs 10 March 2022, European Parliament resolution of 10 March 2022 with recommendations to the Commission on fair and simple taxation supporting the recovery strategy (EP follow-up to the July Commission’s Action Plan and its 25 initiatives in the area of VAT, business and individual taxation) (2020/2254(INL))

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This European Parliament resolution provides recommendations to the Commission for a comprehensive reform of the Union's tax framework to support economic recovery through fair and simple taxation. Key proposals include the modernization of VAT systems via mandatory e-invoicing and a single registration procedure, the introduction of the Business in Europe: Framework for Income Taxation (BEFIT) to establish a single corporate tax rulebook, and the mitigation of the debt-equity bias. The resolution further emphasizes strengthening administrative cooperation through Eurofisc 2.0 and expanding the automatic exchange of information to include crypto-assets to combat tax evasion and fraud.AI