Economy
EU tax policy
EU's corporate-tax simplification package draws muted reception in Luxembourg
The European Commission's two-part corporate-tax simplification package, unveiled on 24 June, could save EU business up to €8 billion a year. But its biggest benefit is delayed eight years and conditional on unanimity, and it leaves the Pillar Two compliance burden largely intact — a modest result for Luxembourg, where tax is the financial centre's main competitive lever.