Brussels, 28 June 2022
The Commission has today published its Annual Report on Taxation 2022, which highlights that EU Member States’ tax revenue has decreased for the first time since the 2009 financial crisis, while public expenditure jumped from 46.5% in 2019 to 53% in 2020 due to the COVID-19 crisis. This report shows that the pandemic and Russia’s invasion of Ukraine are testing both the resilience of our economies and our capacity to respond. However, some immediate measures to tackle the current crises, including a temporary reduction of energy taxation and income support for poorer or hardest hit households, have already been implemented. The Annual Report on Taxation 2022 has been published together with an accompanying report on the most striking Taxation Trends in Member States over the last years.
The publication of today’s report also marks the start of a series of events to help steer the discussion towards a tax framework that is fit for the future. Today, an online event with Commissioner Gentiloni, Commissioner Schmit and other high-level speakers looked at “Mega-trends and the impact on Taxation”, and debate the changes needed to make taxation more resilient and better performing over the long term.
This series of events will culminate in a high-level Tax Symposium on 28 November 2022 on the “EU tax mix on the road to 2050”. The Symposium will generate input and ideas on the large-scale changes needed in taxation across the EU and will orientate the European Commission’s policy priorities for the future.
Source – EU Commission