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AmCham EU has joined 22 other business, financial and professional associations in calling on Member States to reach agreement on the Commission’s Tax Simplification Package. The measures could save European businesses around €8 billion a year, money currently absorbed by complexity rather than invested in growth. Tax collected only to be refunded and withholding taxes that hinder investment in the Single Market add costs without strengthening the tax base. Europe has already strengthened its tax framework, so simplification can go ahead without weakening enforcement. Agreement will only matter if the ambition of the package survives the negotiations. Read the full joint statement here.

How are companies adjusting to an evolving transatlantic trade environment? In a year so far marked by geopolitical tensions and economic uncertainty, The Transatlantic Economy Pulse identifies trade and investment trends between Europe and the US in the first half of 2026.

AmCham EU has joined over 30 industry associations in calling on EU co-legislators to confirm the repeal of the Substances of Concern In articles as such or in complex objects (Products) (SCIP) database, as proposed in the Environmental Omnibus. SCIP costs companies around €225 million a year, yet its intended users, recyclers, barely use it. The Commission itself acknowledges that waste operators find the data unusable and most companies lack the resources to maintain millions of notifications. Repeal would remove a disproportionate reporting layer while keeping obligations for suppliers to inform customers about substances of very high concern. Any future approach should build on existing obligations, not add new ones.