Updated

Updated · European Union · Jun 24

European Commission Proposes 2 EU Omnibus Bills, Targeting €18 Billion in Annual Savings

Updated

Updated · European Union · Jun 24

European Commission Proposes 2 EU Omnibus Bills, Targeting €18 Billion in Annual Savings

Q: With an €8 billion corporate tax cut, which EU nations will see their own tax revenues shrink the most?

No EU country has been identified by the Commission as facing a major revenue hit from this package, because the €8 billion figure is mainly a business cost saving estimate, not a direct, country-by-country tax revenue loss forecast. The biggest single item, about €5.3 billion, comes from scrapping withholding tax on cross-border intra-EU payments of dividends, interest and royalties. In principle, countries that currently collect more of those withholding taxes on outbound payments could forgo more revenue than others. But the Commission’s published material, including the impact assessment, does not provide a member-state breakdown showing which countries would lose the most. The Commission’s own assessment says the budget effect on national treasuries should be “limited or neutral” overall, especially when weighed against expected gains from higher investment, lower compliance costs and stronger growth. It also says the package is designed to simplify rules while safeguarding tax revenues and maintaining anti-avoidance protections. So the short answer is that there is no evidence in the proposal naming particular EU nations as the biggest losers. Any estimate that countries such as larger capital-exporting or cross-border financial hubs might be more exposed would be inference, not something established in the Commission documents now on the table.

3 articles · Updated · European Union · Jun 24

Two new omnibus proposals would simplify EU energy-product and tyre-labelling rules alongside tax requirements, part of the Commission’s latest push to cut red tape for businesses.
€18 billion in annual administrative savings would come from the 12 omnibus packages the Commission has now tabled across sectors, with the tax package alone previously estimated to save firms €8 billion a year.
The Commission said the changes respond to complaints that compliance burdens are holding back investment, growth and job creation, while keeping social, environmental and consumer protections intact.
By 2029, Brussels aims to reduce administrative burdens by at least 25% for all businesses and 35% for SMEs, for expected total savings of €37.5 billion.

Sources

Left100%

European Union2d ago

European Commission Proposes EU Rule Simplification for Energy/Tax, Targeting €18 Billion Savings

Euronews2d ago

European Commission Unveils Tax Simplification Package to Save EU Businesses €8 Billion Annually

EUbusiness1d ago

EU tax simplification package to cut red tape for businesses - EUbusiness.com | EU news, business and politics

12 Sources

With an €8 billion corporate tax cut, which EU nations will see their own tax revenues shrink the most?

Is the EU's tax simplification a quiet move towards a federal system, overriding national control?

Will the EU’s tax overhaul clash with new global rules, creating an even bigger compliance nightmare?

Cutting €11.9 Billion in Red Tape: The EU’s 2026 Tax Simplification Revolution

Overview

On June 24, 2026, the European Commission unveiled a landmark tax simplification package aimed at streamlining the EU’s tax landscape. This package, made up of the Taxation Omnibus and the Recast of the Directive on Administrative Cooperation, is designed to simplify tax rules, reduce compliance burdens for businesses, and modernize the EU’s direct tax framework. By making these changes, the EU hopes to boost the competitiveness of the Single Market and maintain strong defenses against tax fraud and avoidance. The Commission expects these reforms to save EU businesses about €8 billion each year.

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