The Draghi report highlights how economic growth has stagnated in the EU due to structural weaknesses that risk undermining the EU’s global competitiveness. To bolster the EU’s attractiveness and competitiveness, lawmakers should pursue a coherent pro-growth tax reform agenda. A pro-growth tax reform agenda in the EU27 can be evaluated through five principles: (a) economic efficiency, including low distortion of economic decisions and low administrative and compliance costs; (b) consideration and strong discipline across the entire lifecycle of tax policy reform: initial decision making process, legal design and implementation; (c) evidence-based accountability through clear objectives, rigorous impact assessment, meaningful consultation and ex post review; (d) strengthening the Single Market rather than adding cross-border frictions; and (e) neutrality and fair competitive conditions across sectors, countries and business models.

These principles are mutually reinforcing: growth is supported not only by sound and coherent statutory design, but by the full tax system including law, administration and taxpayer interaction. AmCham EU has prepared a framework for EU lawmakers to use while designing, implementing and evaluating tax policy based upon our members’ experiences operating in every EU Member State and almost every country around the world.

Tuesday, 30 June 2026 marks an important milestone in the implementation of the EU public Country-by-Country Reporting (pCbCR) Directive. For the first time, many multinational enterprises with a 30 June financial year-end will be required to publish information under the Directive.

As stakeholders and policymakers begin to analyse and interpret the newly available data, it is important that they interpret it within the context of the specific reporting rules defined by the EU Directive.

The pCbCR Directive stands apart from reporting done for tax purposes and its fragmented implementation has created significant complexities for taxpayers.

Read more about how lawmakers should approach this first round of reports and why pCbCR simplification is vital to support tax transparency and reporting efficiency.

The Tax Omnibus presents a critical opportunity to modernise the EU's tax rules in light of the evolving international framework, notably the implementation of Pillar 2. Many existing directives were designed in response to earlier Base Erosion and Profit Shifting (BEPS) measures and now impose duplicative, fragmented and resource-intensive requirements on businesses. These burdens undermine tax certainty, increase compliance costs and weaken the EU’s attractiveness as an investment destination.

The evaluation of the Directive on Administrative Cooperation (DAC) 1-9 can help enhance tax transparency, improve the Single Market and boost Europe’s competitiveness by decluttering tax policy. By ensuring that DAC includes fixed standards and mandating greater transparency for DAC data, lawmakers can improve its functionality. Likewise, by exempting Pillar 2 companies (including those subject to the ‘side-by-side’ safe harbour) from DAC 6 and revisiting the administrative requirements and outcomes of reporting under DAC 6, the Anti-Tax Avoidance Directive (ATAD), the Pillar 2 Directive and the Public Country by Country Reporting (pCbCR) Directive, lawmakers can minimise additional costs for companies and tax authorities alike while maintaining the integrity of the tax system.

The EU’s e-invoicing landscape is increasingly fragmented, with Member States imposing divergent formats, extra data fields, inconsistent definitions, validation rules and implementation timelines that drive up compliance costs – especially for SMEs – and undermine the Single Market.

Reforming the EU’s e-invoicing landscape is vital to deliver upon the vast simplification potential of VAT in the Digital Age (ViDA) and the Public Procurement Directive revision.

Learn more about why the EU should establish a harmonised, interoperable EU framework for B2G and B2B e-invoicing by mandating the use of a common standard and limited variety of syntaxes, establishing common transmission methods and supporting efficient implementation.