GDV-Positions on European Tax Issues
The economic recovery from COVID-19, the transition towards a greener and more digitized economy and the necessity to remain competitive in a globalized world are the most pertinent challenges for the European Union in the coming years. A modern taxation system with secure tax revenues for the Member States is vital to respond to these challenges.
With the new EU´s Tax Package (dated July 2020), the EU Commission outlines its policy and plan of how it intends to achieve both goals. The Tax Action Plan contains a set of 25 initiatives the European Commission will implement between now and 2024 to make taxation fairer, simpler and more adapted to modern technologies. Many of the Commission´s initiatives in its Tax Action Plan are most relevant for the insurance industry.
In this short paper, the German insurers give their views with eight key
points regarding the EU tax policy.