Business lobbies and national governments have criticized a levy on companies with a turnover above €100 million.
Commission weakens CORE—a 0.1% tax on €100M+ revenue—under pressure from member states opposing margin-agnostic levies. Tech and automotive firms face scope narrowing; thin-margin businesses watch compliance risk rise before October EU summit.
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Financial Services
Business lobbies and national governments have criticized a levy on companies with a turnover above €100 million.
This photograph shows European Union flags outside the EU Commission headquarters in Brussels on March 16, 2026. | Nicolas Tucat/AFP via Getty Images
July 27, 2026
The reform would reduce the compliance burden for businesses and facilitate cross-border payments.
The most impactful change is the abolition of taxes charged on cross-border payments of dividends, interest and royalties between…
EU executive says ‘taxation omnibus’ will save companies €8 billion per year
La propone la Commissione europea per finanziare il suo budget colpendo le imprese con fatturato superiore a 100 milioni di euro,…
European Commission is examining proposals to finance the next EU budget through tax changes targeting digital services, gambling…
Certaines des propositions de ce train de réformes nécessiteront l’accord unanime des 27 Etats membres pour pouvoir entrer en…
