The European Economic and Social Committee (EESC) has published its opinion on the European Commission's Proposal for a Council Directive introducing a debt-equity bias reduction allowance (DEBRA). As previously reported, the allowance is meant to incentivize equity investment, rather than debt, by providing that increases in a taxpayer's equity from one tax year to the next will be deductible from its taxable base, similar to what happens with debt. The allowance would be computed based on…