Pascal Saint-Amans, former Director of the OECD’s Centre for Tax Policy and Administration and Non-Resident fellow at the European think-tank Bruegel, published his Memo to the commissioner responsible for tax policy on Wednesday 4 September .
In his view, the priorities for the European Union are tax simplification, a broader reflection on the EU’s budgetary resources and the taxation of wealthy individuals and digital nomads. He proposes to establish a code of conduct on the taxation of personal income. With regard to the taxation of capital income, he recommends opening a debate on the principle of taxing capital gains.
For Mr Saint-Amans, the potential failure of the first pillar of the global tax agreement must also be anticipated. “In case of a roadblock in the negotiation, a very large base and low-rate tax could be a way out, in consultation with the United States”, he suggested.
Finally, he recommends redefining tax relations between the EU and Africa by reducing the number of countries that are assessed for compliance with OECD and EU standards on tax transparency and combating tax evasion.
Read the memo: https://aeur.eu/f/dcs (Original version in French by Anne Damiani)