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New EU tax rules to cut compliance costs by up to 65%

The new proposed BEFIT rules will apply to large cross-border businesses.

Martina Lindberg

European Commissioner for Economy Paolo Gentiloni Silveri
EU Commissioner for Economy Paolo Gentiloni Silveri. Photo: Thierry Monasse/Getty Images
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New, simpler rules that could reduce tax compliance costs by up to 65% for businesses that operate in the EU have just been proposed by the European Commission.

The proposal, Business in Europe: Framework for Income Taxation (BEFIT), is a key package of initiatives to reduce tax compliance costs for

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