A coherent tax framework for the EU’s financial sector

1.7.2026 A10-0169/1

Amendment 1

Dolors Montserrat, Markus Ferber, Fernando Navarrete Rojas, Regina Doherty, Rosa Estaràs Ferragut, Gheorghe Falcă, Michalis Hadjipantela, Matej Tonin, Andrea Wechsler, Stefan Berger, Andrzej Buła, Marion Walsmann, Adrián Vázquez Lázara, Isabel Benjumea Benjumea, Esther Herranz García, Nicolás Pascual de la Parte, Arba Kokalari, Javier Zarzalejos, Juan Ignacio Zoido Álvarez, Pilar del Castillo Vera, Oliver Schenk, Jessica Polfjärd, Liesbet Sommen, Jens Gieseke, Stefan Köhler, Andreas Schwab, Elena Nevado del Campo, Christian Ehler, Letizia Moratti, Raúl de la Hoz Quintano, Gabriel Mato, Tomas Tobé, Nina Carberry, Jörgen Warborn, Maria Walsh, Esteban González Pons, Carmen Crespo Díaz, Martine Kemp, Niels Geuking, Ralf Seekatz, Peter Agius, Hanna Gronkiewicz-Waltz, Bogdan Andrzej Zdrojewski, Verena Mertens, Norbert Lins, Monika Hohlmeier, Marie-Sophie Lanig, Mirosława Nykiel, Dirk Gotink, Christophe Gomart, Maravillas Abadía Jover, Henrik Dahl, Antonio López-Istúriz White, Zala Tomašič, Herbert Dorfmann, Seán Kelly, Tomáš Zdechovský, Alexandra Mehnert, Lídia Pereira, Axel Voss, Andrzej Halicki, Siegfried Mureşan, Lena Düpont, Andrey Novakov, Sandra Kalniete, Daniel Buda, Sabine Verheyen, Wouter Beke, Sven Simon, Ilia Lazarov, Willemien Koning, Paulo do Nascimento Cabral, Jagna Marczułajtis-Walczak, Angelika Winzig, Elżbieta Katarzyna Łukacijewska, Michał Szczerba, Janusz Lewandowski

Report A10-0169/2026

Matthias Ecke

A coherent tax framework for the EU’s financial sector

(2024/2117(INI))

Motion for a resolution

Paragraph 1

Motion for a resolution

Amendment

1. Notes that the EU-wide VAT exemption for financial services has resulted in a VAT policy gap; highlights that in the absence of VAT revenues from financial services, Member States have introduced 91 sector-specific taxes to tax the financial sector and mitigate these revenue losses, resulting in a highly fragmented tax landscape; notes that this fragmented tax landscape generates additional operational and administrative costs and increases structural barriers to the cross-border expansion of financial services providers, thus weakening the EU’s financial sector and its investment capacity and undermining the objectives of the SIU and the Banking Union;

1. Notes that following the great financial crisis, Member States have introduced 91 sector-specific taxes to tax the financial sector, resulting in a highly fragmented tax landscape; notes that this fragmented tax landscape generates additional operational and administrative costs and increases structural barriers to the cross-border expansion of financial services providers, thus weakening the EU’s financial sector and its investment capacity and undermining the objectives of the SIU and the Banking Union;

Or. en

1.7.2026 A10-0169/2

Amendment 2

Report A10-0169/2026

Matthias Ecke

A coherent tax framework for the EU’s financial sector

(2024/2117(INI))

Motion for a resolution

Paragraph 8

Motion for a resolution

Amendment

8. Emphasises that the insufficient data on the effective tax burden across the EU financial sector obstructs evidence-based policymaking and the assessment of policy impacts on market behaviour, competition and financial stability; underlines the need for improved transparency and data collection as a prerequisite for coherent reform of financial sector taxation;

8. Emphasises that the insufficient data on the effective tax burden across the EU financial sector obstructs evidence-based policymaking and the assessment of policy impacts on market behaviour, competition and financial stability; underlines the need for improved transparency and better use of existing data as a prerequisite for coherent reform of financial sector taxation;

Or. en