Commission

This overview highlights the Commission’s (i) proposal for a Directive on minimum corporate taxation in the European Union, (ii) proposal for a Directive on the use of shell entities for tax purposes; (iii) proposal to use Pillar One revenues as an EU Budget source; (iv) proposal for a Regulation for protection against economic coercion by third countries; (v) Action Plan to support the development of the social economy; (vi) approval of the Italian scheme aimed at supporting companies affected by the COVID-19 pandemic; (vii) approval of the Latvian scheme aimed at supporting companies and self-employed persons affected by the COVID-19 pandemic; (viii) approval of the modification of an existing aid scheme to support the maritime transport sector in Germany; (ix) approval of the prolongation of an existing German aid scheme, exempting flights to and from certain small and remote German islands from air travel tax; and (x) approval of a Swedish “risk tax” on large credit institutions, under State aid rules.