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.  

On Thursday, 24 October, Andrew Hill, Senior Policy Adviser, AmCham EU represented the organisation by speaking at the Conference on Foreign Investment Screening, hosted by the CELIS Institute.The discussion focused on the evolving landscape of investment screening in Europe and ways to ensure that the Foreign Investment Screening Regulation best supports Europe’s security. It also highlighted the importance of honing investment screening towards the most risky investments, while creating optimal pathways for cooperation between agencies. Panellists also highlighted the growing need for transatlantic cooperation, the drive toward transparent screening mechanisms and the development of investment screening as a practice, and the future of investment screening in view of economic security. 

The draft Guidelines to the Foreign Subsidies Regulation (FSR) risk broadening the already excessive reach of the FSR and making its application even less certain for industry, adding to already disproportionate costs and complexities for businesses. The Guidelines should take the opposite approach, seeking to clarify unclear concepts related to the FSR’s application, hone its scope to focus only on subsidies with a demonstrable EU nexus and align the FSR’s treatment of foreign incentives with EU State aid rules.

The Savings and Investments Union (SIU) is an opportunity for Europe to facilitate and deliver innovative financial services that create better outcomes for investors. Through targeted regulatory reforms and new initiatives, private and public sector actors can put retail investors at the core of their vision. But significant challenges remain, despite efforts to eliminate market barriers and reduce costly compliance. Learn how an ambitious SIU will allow the EU to gain momentum towards a complete Single Market.

From Monday, 30 June to Tuesday, 1 July, AmCham EU visited Copenhagen, Denmark to engage with Danish and US stakeholders on international tax files. Delegates met with representatives from the Danish Chamber of Commerce, Danish Industry, Danish Ministry of Taxation and the US Embassy to exchange views on the Danish Presidency’s priorities and the evolving tax policy landscape, including simplification at the EU level and developments regarding Pillar 2. The meetings highlighted the need to simplify tax policy to create an environment that supports investment, innovation and growth.