EU withdraws TP Directive, Unshell, Debra & FTT proposals

The European Commission has published its 2026 Work Programme. In the area of tax the following proposals have been withdrawn:

• COM(2013)71 final – Proposal for a COUNCIL DIRECTIVE implementing enhanced cooperation in the area of financial transaction tax
• COM(2021)565 final – Proposal for a COUNCIL DIRECTIVE laying down rules to prevent the misuse of shell entities for tax purposes and amending Directive (UNSHELL)
• COM(2022)216 final – Proposal for a COUNCIL DIRECTIVE on laying down rules on a debt-equity bias reduction allowance and on limiting the deductibility of interest for corporate income tax purposes (DEBRA)
• COM(2023)529 final Proposal for a COUNCIL DIRECTIVE on transfer pricing

 

Still on the work programme under the heading of Pending Proposals:

• Proposal for a COUNCIL DIRECTIVE on Business in Europe: Framework for Income Taxation (BEFIT)
• Proposal for a COUNCIL DIRECTIVE establishing a Head Office Tax system for micro, small and medium sized enterprises, and amending Directive 2011/16/EU
• Proposal for a COUNCIL DIRECTIVE on the common system of a digital services tax on revenues resulting from the provision of certain digital services
• Proposal for a COUNCIL DIRECTIVE laying down rules relating to the corporate taxation of a significant digital presence