2022 ANNUAL REPORT ON TAXATION
On 28 June, the Commission published its published its Annual Report on Taxation 2022, which assesses the recent trends in EU tax systems, and identifies how tax policy, implementation or compliance could be improved. The report highlights that EU Member States' tax revenue has decreased for the first time since the 2009 financial crisis, while public expenditure jumped from 46.5% in 2019 to 53% in 2020 due to the COVID-19 crisis. This report shows that the pandemic and Russia's invasion of Ukraine are testing both the resilience of our economies and our capacity to respond.
Some immediate measures to tackle the current crises, including a temporary reduction of energy taxation and income support for poorer or hardest hit households, have already been implemented. The Annual Report on Taxation 2022 has been published together with an accompanying report on the most striking Taxation Trends in Member States over the last years. The publication of today's report also marks the start of a series of events to help steer the discussion towards a tax framework that is fit for the future.
Source: European Commission