European Commission to Put Forward Proposal on Qualified Majority Voting

The European Commission is reportedly planning to put forward a proposal on options for qualified majority voting in tax matters based on existing EU tax law. Qualified majority voting is being pushed by EU Tax Commissioner Pierre Moscovici as a means for advancing EU tax initiatives. Currently, major tax changes generally require unanimity for approval, which has held up several tax initiatives, including public CbC reporting, the EU digital services tax, and the common consolidated corporat…