The EU will promote a green VAT and ease the CBAM border adjustment mechanism

He wants to raise taxes on fossil fuels and considers it urgent to tax vaping. It aims to strengthen the fight against tax fraud as a tool for competitiveness.

The Commissioner for Climate, Net Zero Emissions and Clean Growth, Wopke Hoekstra, yesterday unveiled the guidelines of his department for the next five years in the European Parliament. Among the priorities set out by the Commissioner are a review of the VAT structure. The intention is to simplify the application of the tax and at the same time generate a reduced ecological VAT that seeks to encourage the sale of products that improve sustainability in transport, the circular economy or second-hand products. In his first appearance before the subcommittee on Fiscal Affairs, Hoekstra said that he will try to simplify tax fraud regulations in the EU, despite the improvement recorded in recent years and advanced that he will simplify the adoption of the CBAM (Carbon Border Adjustment Mechanism) to reduce the number of companies affected by the measure by 80%. key to international trade with the US and China.

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