KPMG report: European Commission business tax agenda

A report discussing developments that have taken place since the European Commission released its Communication on Business Taxation

A report on the Communication on Business Taxation for the 21st century

KPMG’s EU Tax Centre prepared a report discussing developments that have taken place since the European Commission released its Communication on Business Taxation for the 21st century [PDF 620 KB] in May 2021. Read TaxNewsFlash


The communication set out the EC’s views on the EU's tax policy agenda and plans for the implementation of the rules to be agreed upon at international level under the OECD’s BEPS 2.0 project.

The communication also outlined targeted solutions that went beyond the OECD agreement, in the form of five action points that were meant to support the EU's ambition for a holistic EU business tax framework that provides for a "robust, efficient and fair tax framework that meets public financing needs, while also supporting the recovery and the green and digital transition by creating an environment conducive to fair, sustainable and job rich growth and investment.”

EU Tax Centre report

The EU Tax Centre’s August 2022 report  [PDF 747 KB] provides an overview of the current status and next steps for key EU wide tax initiatives from the EC’s communication including:

  • Implementation of the global agreement on BEPS 2.0 in the EU and the future of the EU digital levy
  • The announced initiative of disclosing effective tax rates paid by large companies
  • Targeting the use of shell entities
  • The proposal on creating a debt equity bias reduction allowance
  • Status of the upcoming new framework for income taxation for businesses in Europe

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.