This overview highlights the Commission’s (i) efforts to target tax-avoidance corporate structures and ensure fair taxation, (ii) proposal for a Directive implementing the OECD Pillar Two proposal in the European Union, (iii) proposal to authorize Italy to apply reduced excise duty rates on gas and electricity, (iv) approval under State aid rules of certain subsidy schemes by EU Member States and (v) actions initiated against some EU Member States for their failure to comply with EU law.