Stability and even a rise in taxation in the long run was predicted by Gerasimos Thomas, Director General of the European Commission’s Directorate-General for Taxation and Customs, speaking at the 7th Delphi Economic Forum and said that taxation would not be reduced as states sources.
“We have to move away from the prospect that in the long run all taxes will be reduced. This will be difficult with the costs we have,” Thomas said, adding that from now on we should focus on how taxes will be fairer. “Looking 10 years ahead, we are moving from fair taxation at the national level to fair taxation at the international level,” he underlined.
The Director-General of the European Commission’s Directorate-General for Taxation and Customs explained that Europe is in a different place from the United States and China due to the high taxes on income, labor costs and consumption prevailing in Europe. “Europe has an interest in turning to other taxes. It can no longer raise VAT and income tax,” he said. at a minimum tax rate of 15% worldwide. It also announced lower taxes on Renewable Energy at European level.
Answering a question from the journalist of Athens Voice, Andrea Zambouka, about the tax havens, Mr. Thomas noted that the OECD agreement closes the doors to many of them, while the European Union is taking initiatives to reduce them.
Source: Capital
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