European Commission Adopts Tax Simplification Package to Streamline Compliance and Enhance Competitiveness of the Single Market

The European Commission has announced the adoption of a tax simplification package to streamline compliance and enhance the competitiveness of the Single Market. The package includes two proposals, the Direct Taxation Omnibus and the Recast of the Directive on Administrative Cooperation (DAC), which will be submitted to the European Parliament for consultation and the Council for adoption. The main elements of the proposals are summarized as follows in the provided Questions and answers on …