EU wants end to member state veto on tax

17 January, 2019 12:00 AM printer

STRASBOURG: The European Commission on Tuesday proposed to end the veto power member states have over EU tax matters, an idea rejected by several smaller countries including low-tax hub Ireland.

A more harmonised tax policy across Europe has long been a dream of pro-EU forces in Brussels and recent scandals have regenerated Brussels’ desire for an easier way to pass legislation across the bloc, reports AFP.

The European Commission, the EU’s executive arm, said it will launch a debate with member states on allowing new EU tax laws to be approved by qualified majority rather than unanimously.

“Times have changed! Holding tight to unanimity to protect national tax regimes … is based on myth, not reality,” Economic Affairs Commissioner Pierre Moscovici told reporters at the European Parliament in Strasbourg.

Taxation and foreign affairs are the last bastions of EU law-making that still require a unanimous vote by member states.