background image

EU 2020 State of the Union Address Delivered — Orbitax Tax News & Alerts

European Commission President Ursula von der Leyen delivered the 2020 State of the Union Address on 16 September. With respect to taxation, one of the main points of the address concerns digital taxation, with President von der Leyen stating that "We will spare no effort to reach agreement in the framework of OECD and G20. But let there be no doubt: should an agreement fall short of a fair tax system that provides long-term sustainable revenues, Europe will come forward with a proposal early next year."

In addition to the topic of digital taxation, President von der Leyen also noted that energy taxation will be reformed as part of the European Green Deal, which includes a proposed increase in 2030 target for emission reduction to at least 55%. President von der Leyen also addressed relations with the U.S., including that Europe is ready to build a new transatlantic agenda to strengthen the EU-U.S. bilateral partnership on trade, tech, and taxation.

Click the following links for the full text of the address and highlights published by the European Commission with links to further information.