EU Aims to Simplify OECD-Based Reporting Mandates in Tax Bill

The European Commission will try to remove redundancies from multiple sets of OECD-based reporting requirements in a bid to simplify the EU’s tax rules, an official said Thursday.

Reporting mandates for longstanding country-by-country reporting rules and the more recently enforced 15% minimum corporate tax law overlap “to quite an extent,” a situation the commission aims to address, said Henrik Paulander, head of sector for administrative cooperation in the commission’s tax department.

Paulander, speaking at a CFE Tax Advisers Europe event in Brussels, said the commission aims to include the changes in the tax simplification bill it plans to issue ...